Kodak Profit Up 38% on Digital Sales

Eastman Kodak Co. said second-quarter net income rose 38% as sales of digital cameras increased and the company cut costs. Its shares jumped 9.1%, their biggest gain in six months.

Profit rose to $154 million, or 54 cents a share, from $112 million, or 39 cents, a year earlier. Profit excluding the cost of job cuts and plant closures was 88 cents a share, higher than the company’s April forecast of 55 cents to 65 cents. Revenue rose 6% to $3.5 billion.

Shares of Rochester, N.Y.-based Kodak rose $2.25 to $27.05 on the NYSE.