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Kodak’s third-quarter loss narrows

Eastman Kodak Co. reported a net loss of $37 million, or 13 cents a share, compared with a loss of $914 million, or $3.18 a share, a year ago. Analysts had expected profits of 19 cents a share. Sales totaled $3.2 billion, down 10 percent from $3.55 billion a year ago, largely due to a 19 percent drop in traditional sales, Kodak said. Digital earnings were $105 million, compared with $7 million a year ago—the first time the quarterly digital earnings growth exceeded the quarterly decline in traditional earnings, Kodak said.
This story will be updated later today.

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