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Reply #12: Kodak posts loss of $1.03 billion [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 07:20 AM
Response to Reply #3
12. Kodak posts loss of $1.03 billion

NEW YORK (Reuters) - Eastman Kodak Co. (EK.N: Quote, Profile, Research), the troubled camera and film maker, on Wednesday posted a quarterly loss of $1.03 billion, largely due to a one-time non-cash charge of $900 million for taxes.

The world's top maker of photographic film, which is shifting to digital cameras and printing and away from film, said the loss amounted to $3.58 a share. A year earlier, it reported a profit of $458 million, or $1.60 a share.

Sales rose 5 percent to $3.55 billion, fueled by gains in its digital business, where revenue increased 47 percent. Sales of traditional products such as photographic film fell 20 percent.

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