EASTMAN Kodak Co said yesterday that its third-quarter profit more than doubled, driven by sales of digital cameras, picture frames and inkjet printers, but warned of a shortfall in full-year operating earnings and revenue that will likely result in targeted job cuts.

The already slimmed-down photography products maker said it earned US$96 million, or 33 cents a share, in the July-September quarter, up from year-ago profit of US$37 million, or 13 cents a share. Excluding one-time charges and gains, its profit of 22 cents a share fell short of Wall Street's expectations.

Sales fell 5 percent to US$2.41 billion from US$2.53 billion, as revenue from digital businesses rose 2 percent to US$1.64 billion but traditional film-based revenue slumped 18 percent to US$764 million.

Analysts surveyed by Thomson Reuters expected profit of 28 cents a share on higher sales of US$2.53 billion.

Kodak said it expects 2008 operating profit will range between US$200 million to US$250 million.

The company also lowered its outlook for full-year revenue growth, forecasting a decline of 3 percent to 5 percent from 2007 sales of US$10.3 billion and digital revenue growth of 1 percent to 4 percent.