Kodak Year End Report Sees Losses
By: WROC-TV
Updated: February 29, 2012
Kodak's year-end report for 2011 has been released, and the results do not look good..
The report shows a 16 percent loss in the company's sales. In total, Kodak lost about $758 million last year. Brighton Securities president George Conboy says the report shows that Kodak lost more in 2011 than in 2009 and 2010 combined. Conboy says the company knew they were going bankrupt at the end of 2011. The report also gives updated employment numbers. As of the end of 2011, Kodak employed just over 17,000 worldwide, with 8,300 of those employees in the U.S.
For a full look at the report, click here.
The report shows a 16 percent loss in the company's sales. In total, Kodak lost about $758 million last year. Brighton Securities president George Conboy says the report shows that Kodak lost more in 2011 than in 2009 and 2010 combined. Conboy says the company knew they were going bankrupt at the end of 2011. The report also gives updated employment numbers. As of the end of 2011, Kodak employed just over 17,000 worldwide, with 8,300 of those employees in the U.S.
For a full look at the report, click here.
