Kodak still on track to emerge from bankruptcy despite fourth quarter loss
Posted at: 03/11/2013 10:11 PM
Fourth quarter losses for Eastman Kodak more than tripled, but the camera pioneer says it is on track to emerge from bankruptcy in the middle of 2013.
According to Reuters, Kodak's quarterly net loss widened to $402 million from $117 million as net sales fell 24%. But Kodak cited an improvement in earnings in commercial imaging.
Kodak believes it is on a path to emerge from Chapter 11 reorganization by mid-year.