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WDKX.com » Blog » Kodak Releases Third Quarter Earnings
Nov 13th 2013 6:28 am
Kodak Releases Third Quarter Earnings
by news


Eastman Kodak released its third quarter earnings for the year. It was during the third quarter that Kodak emerged from Chapter 11 restructuring.

The company says its net income loss was nearly $2-billion. That combines numbers from the previous Kodak and the company that emerged from Chapter 11.

Kodak began new accounting practices on September 1 after emerging from bankruptcy protection.

For the quarter, the company says sales were $563 million, which is down from $660 million in sales it made during the third quarter of 2012.

CEO Antonio Perez said,"We are pleased with our progress on earnings this quarter. Our customers are telling us they are impressed with our technologies, and increasingly ready to adopt and apply our solutions to help grow their businesses."

Source:Whec