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Kodak Has Tough First Quarter

Kodak Has Tough First Quarter
Posted March 20th, 2014 @ 5:59am

Rochester, N.Y. - Kodak has released its first earnings report since coming out of bankruptcy and posted a $51 million loss.

Sales fell in both of the company’s business segments, according to the report. Film sales dipped 12 percent, an expected side effect as the entertainment industry shifts from film to digital format.

Digital and enterprise sales fell 22 percent, which was the place Kodak was hoping to make money.

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