Kodak Still Operating in the Red

Kodak Still Operating in the Red

The company posted a $62 million dollar loss.
Nearly a year after coming out of bankruptcy, Kodak is still in the red.  The company reported second quarter earnings yesterday.
   

Sales were down 10% from last year.  This was expected because Kodak is now a smaller operation.  The posted loss was a total of $62 million dollars, down from 226 million last year.
   

Kodak is pleased losses are narrowing and predicts a rebound in the coming months.

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