Kodak (EKDKQ) Q1 Revs Dip 27%; Consumer Segment Net Loss Narrows
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Eastman Kodak Co. (OTCBB: EKDKQ) reported a 27 percent dip in revs to $965 million and widened GAAP loss of $366 million (from $246 million last year).
Kodak said that results: "reflect the improvement in segment profitability discussed above, reorganization costs associated with the Chapter 11 case, the absence of a gain from an asset sale in the prior-year quarter, and higher restructuring charges, partially offset by the tax benefit from the net impact of the Korean tax refund.'
Consumer segment loss moved from $187 million down to $103 million.
Kodak said that results: "reflect the improvement in segment profitability discussed above, reorganization costs associated with the Chapter 11 case, the absence of a gain from an asset sale in the prior-year quarter, and higher restructuring charges, partially offset by the tax benefit from the net impact of the Korean tax refund.'
Consumer segment loss moved from $187 million down to $103 million.
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