Eastman Kodak posts adjusted loss after bankruptcy exit

Tue Nov 12, 2013 5:13pm EST

A general view of the now mostly unused Kodak factory in Rochester, New York, January 1, 2013. REUTERS/Carlo Allegri

A general view of the now mostly unused Kodak factory in Rochester, New York, January 1, 2013.

Credit: Reuters/Carlo Allegri

(Reuters) - Eastman Kodak Co (KODK.N), the once mighty photography pioneer that emerged from bankruptcy protection in September, reported a quarterly loss of $155 million after stripping off reorganization items and discontinued operations.

Kodak said it adopted fresh-start accounting and provided separate figures for the month, which was a loss of $18 million.

The company, which invented the digital camera, reported revenue of $563 million and a profit of $1.99 billion for the third quarter.

Kodak said it had $839 million in cash and debt of $679 million as of September 30.

The company is focusing on commercial products such as high-speed digital printing technology and printing on flexible packaging for consumer goods.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.