Kodak Swings to Q2 Loss, Sees Wider CutsEastman Kodak Co. said Wednesday that it swung to a
loss in the second quarter from year-ago profit, and now expects to cut up to
25,000 jobs worldwide, instead of the 15,000 positions originally slated for
elimination.
Quarterly losses totaled $146 million, or 51 cents per share, compared with earnings of $136 million, or 46 cents per share, a year ago. Revenue grew 6 percent to $3.69 billion from $3.46 billion last year. Posted: Wed - July 20, 2005 at 08:46 AM WIR NewsStream by Piranha Daily News The Stream Previous Next |
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Total entries in this blog: 1561
Total entries in this category: 1561 Published On: Sep 13, 2005 07:22 PM |