Kodak Revenue Falls 18% On Lower Motion Picture Film Sales

Features Reuters

Eastman Kodak Co (KODK), the once mighty photography pioneer that emerged from bankruptcy protection in September, reported an 18 percent fall in quarterly revenue, partly due to a decline in its motion picture film business.

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The company said revenue fell to $607 million in the fourth quarter ended December 31 from $739 million, a year earlier.

Sales at its graphics, entertainment and commercial films business fell 12 percent to $396 million.

Net loss narrowed to $63 million from $402 million.

The company's shares closed at $27.60 on the New York Stock Exchange on Wednesday.

(Corrects paragraph 3 to show that sales at graphics, entertainment and commercial business fell 12 percent to $396 million, not 47 percent to $519 million)

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(Reporting by Rohit T. K. in Bangalore; Editing by Maju Samuel)