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Kodak revenue falls 18 percent on lower motion picture film sales [March 20, 2014] (Reuters) — Eastman Kodak Co <KODK.N>, the once mighty photography pioneer that emerged from bankruptcy protection in September, reported an 18 percent fall in quarterly revenue, partly due to a decline in its motion picture film business. |
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The company said revenue fell to $607 million in
the fourth quarter ended December 31 from $739 million, a year
earlier. Sales at its graphics, entertainment and commercial films
business fell 12 percent to $396 million. Net loss narrowed to $63 million from $402 million. The company's shares closed at $27.60 on the New York Stock
Exchange on Wednesday. (Corrects paragraph 3 to show that sales at graphics,
entertainment and commercial business fell 12 percent to $396
million, not 47 percent to $519 million) (Reporting by Rohit T. K. in Bangalore; editing by Maju Samuel) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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