Home / Today's Top Stories / Kodak’s third-quarter loss narrows

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.


Check Also


Greenlight names Phillip Jones CFO (access required)

Greenlight Networks has named Phillip Jones chief financial officer, overseeing the financing, investor relations and strategic planning portions of the ...