KODAK LOSS LESSENS BUT SALES DROP AS WELL

In a report issued Wednesday afternoon, Eastman Kodak, which filed for bankruptcy in January of 2012, says it showed a smaller second-quarter loss, but it’s sales show a drop.
The company posted a net loss from continuing operations of $224 million, or 76 cents a share during the April to June period this year, compared with a loss of $299 million, or $1.09 a share during the same period last year… a 25 percent improvement.
Sales however, in the second quarter were $583 million, compared with $699 million in the second quarter last year… a decline of 17 percent.

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