Eastman Kodak Co. reported soaring profit and...

Eastman Kodak Co. reported soaring profit and revenue for all of 1987. For the year, net profit jumped to $1.18 billion, compared to $374 million in 1986. Revenue for the year jumped to $13.3 billion, up $1.8 billion from the year before. Kodak said the 1986 figure included a $654-million extraordinary charge associated with Kodak’s work reduction program and plant closings.