Kodak posts narrower Q1 loss, sales edge up

ROCHESTER, N.Y. - Eastman Kodak Co. said Thursday its loss narrowed to $115 million in the first quarter as it chased a bigger stake in digital photography.

The photography products maker said it earned the equivalent of 40 cents a share in the quarter, compared with a loss of $151 million, or 53 cents a share, a year earlier.

Its sales rose one per cent to $2.093 million from $2.08 billion.

Analysts polled by Thomson Financial expected, on average, a loss of three cents per share on $2.037 billion in revenue.

Digital sales rose 10 per cent year over year to $1.366 billion from $1.245 billion, while traditional film-based revenue slumped 13 per cent to $724 million from $830 million.

.


Read More