Eastman Kodak Co, the world's top maker of photographic film, said Wednesday its third-quarter profit rose, helped by the sale of one of its businesses and growth in its digital business, but declines in its traditional film segment held back revenue.
Rochester, New York-based Kodak, which a year ago announced a strategic shift toward digital devices and away from film, said sales related to products like digital cameras, medical photography and retail kiosks rose 39 percent from last year.
Kodak posted third-quarter net income of $479 million, or $1.67 a share, including $1.51 from discontinued operations. Its year earlier profit was $122 million, or 42 cents a share.
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