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EARNINGS

November 04, 1987

Eastman Kodak's income rose 51% to $396.1 million for the third quarter, benefiting from $40 million of pension income as a result of adopting a new pension accounting standard. The Rochester, N.Y., company said revenue rose 12% to $3.91 billion. It credited the improved earnings to continued increases in sales, as well as the results of last year's cost-cutting measures, including the elimination of one out of every 10 jobs and across-the-board spending cuts of 5%.

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