Rochester N.Y.- Eastman Kodak says it lost $62 million dollars in the second quarter -- the good news being that's $162 million LESS than Kodak lost a year ago.
Revenues continue to decline for what's left of Kodak's traditional business in movie film and in ink jet printers. While the company's new packaging and printing industry products are growing fast enough to slow down the losses to the bottom line, they're not earning enough to completely erase them.
CEO Jeff Clarke says Kodak has just taken steps to reduce costs and simplify the way it does business. He says that -- plus the ongoing growth of digital printing and workflow software -- will contribute to Kodak's long-term success.