Rochester, NY 8/19/2009 4:41:20 AM
Eastman Kodak Co., EK - Eastman Kodak Release Second Quarter Loss, Shares Drop By 10 Percent
Eastman Kodak Co.
Eastman Kodak Co. post second quarter financial loss last Thursday, this being the company’s third consecutive quarterly deficit as the global economic suffers a major declines in sales of digital cameras, film and other photography products.
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"They definitely need the economy to improve and they need to very carefully manage the assets they have left," said analyst Shannon Cross of Cross Research in Livingston, N.J. "This quarter was OK, factoring all that in."
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