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Kodak earnings fall post bankruptcy
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 companys 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.
The question for Kodak is: when does the bleeding stop? When will the profit start? Thats when well now that Eastman Kodak is back, said George Conboy, chairman of Brighton Securities.
Some experts say the most important thing the company needs to do now is stabilize and stop losing money.
The figures released in the reports set a bench mark to compare to future reports.