Kodak Reports Wider Q1 Loss, Shares Up 2% In After Hours

Eastman Kodak Co. on Thursday said it lost $54 million in the first quarter, compared with $34 million a year ago. It said sales reached $427 million in the quarter, a decline of $61 million, or 13%, from a year ago due to a stronger dollar and declines in revenue from legacy products, the company said. The company reiterated its 2015 guidance for revenue in the range of $1.8 billion to $2 billion. Shares of the company rose 2% in after-hours trading Thursday.