Kodak’s Net Income Falls; Revenue Rises
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From Bloomberg News
Eastman Kodak Co., the world’s biggest maker of film, said first-quarter earnings fell 69% because of consumers switching to digital cameras and the costs to cut jobs.
First-quarter net income fell to $12 million, or 4 cents a share, from $39 million, or 13 cents, a year earlier. Sales rose 1.3% to $2.74 billion.
Shares of Rochester, N.Y.-based Kodak fell $1.65 to $30 on the NYSE.
