Enviado: 23/11/2005 19:50Obrigado Vitor...
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Shares of Eastman Kodak rose 7% after the photography products company said it has settled a tax dispute, leading to a big boost to fourth-quarter earnings. As a result of the settlement, which concerned the audit of the tax years 1993 through 1998, Kodak is set to receive a tax refund of $15 million to $20 million. In addition, the company will reverse certain tax accruals, which will increase fourth-quarter earnings by $230 million to $260 million, or 80 cents 90 cents a share. Analysts are currently predicting fourth-quarter earnings of 39 cents a share, before any gains or charges. Kodak shares recently traded up $1.57, or 7.1%, to $23.72.
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