Eastman Kodak is trading 12.4% up at $10.01 after reporting a much stronger-than-expected second quarter.
- Revenue rose 18% year-over-year to $311 million, significantly beating analyst expectations.
- The company swung from a net loss to $17 million in GAAP net income, driven by improved operational efficiency.
- Investors are repricing the stock in after-hours trading following the earnings surprise and an improved profitability outlook.