Kodak Revenue Falls 18% On Lower Motion Picture Film Sales


Eastman Kodak Co (NYSE: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.

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

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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)

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