More Losses For Kodak in Third Quarter
By: WROC-TV
Updated: October 31, 2012
New number show Kodak lost even more money in the third quarter.
The net loss was $312 million at the end of September. That is nearly $100 million more than the third quarter of last year. Revenue also fell 19 percent over the same time period. Kodak blames the weak economy and restructuring costs as the company shifts away from photography. Kodak filed for bankruptcy in January. It hopes to emerge from bankruptcy next spring.
The net loss was $312 million at the end of September. That is nearly $100 million more than the third quarter of last year. Revenue also fell 19 percent over the same time period. Kodak blames the weak economy and restructuring costs as the company shifts away from photography. Kodak filed for bankruptcy in January. It hopes to emerge from bankruptcy next spring.
