Kodak posts $312M loss
The loss reported late Tuesday compares to a loss of $222 million at the same time last year. Revenue for the three-month stretch ending in September totaled $1 billion. That's a 19 percent decrease decline from last year. The latest loss included charges taken to account for the elimination of 775 jobs during the quarter, according to a quarterly report filed with the Securities and Exchange Commission. Eastman Kodak Co. has now jettisoned more than 2,800 workers since the beginning of the year. With the latest setback, Kodak has now lost more than $3 billion since the end of 2007. Kodak, which is based in Rochester, N.Y., filed for bankruptcy protection in January after years of growing competition from Japan and an ineffective response to the past decade's shift to digital photography. The upheaval has imperiled the future of a 132-year-old company that once was considered a technology pioneer.
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Kodak Eastman Kodak bankruptcy reorganization plan securities and exchange commission bankruptcy protection digital imaging to emerge Antonio Perez operating profit quarterly report digital photography company patents Shutterfly creditors lenders totaled buyers personalized licensing auction sustainable Japan conditions competition documents market sale technology Management online The loss the quarter the futurePeople:
Antonio Perez
Overall Sentiment: 0.282927
Relevance: 0.196117
| Sentiment | Quote |
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| 0.114744 | "The actions we are taking in response to economic and market conditions are working and will position us to emerge in 2013 as a growing, profitable, sustainable company," Kodak CEO Antonio Perez said ... |
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Additional Info:
Company: Eastman Kodak Co.
Overall Sentiment: -0.170571
Relevance: 0.975009
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- $312 million
- bankruptcy
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- eastman kodak
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Latest loss included charges taken to account for the elimination of 775 jobs
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Kodak posts $312M loss
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