Brean Murray Carret Maintains Hold on Eastman Kodak (EK)

Brean Murray Carret is out with its report today on Eastman Kodak EK, maintaining Hold. In a note to clients, BMC writes, "Both Dec Q revenue and EPS of $1.93B and ($0.38) were well below Street estimates of $2.13 billion and ($0.01). For CY10, Kodak missed its annual revenue guidance of $7.5 - $7.7 billion, although the company achieved its operating income guidance of $350 -$450 million due to the $830 million non-recurring IP income recognized in 2010." Shares of EK closed Wednesday at $3.71, down 17.92% from Tuesday's close.