Eastman Kodak posts adjusted loss after bankruptcy exit
(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)
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