Eastman Kodak Co. said Thursday that its second-quarter profit fell 14 percent as digital inkjet-printer investments and higher costs for raw materials offset a hefty tax settlement gain.

It also warned that full-year earnings will be at the low end of forecasts, sending its stock down more than 7 percent.

The photography pioneer, which has refocused on electronic imaging, said it earned $495 million, or $1.62 a share, in the April-June quarter, down from $575 million, or $2 a share, a year earlier.