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Eastman Kodak losses grow to $312 million

Eastman Kodak says its losses widened to $312 million in the third quarter as the photo and printing company struggles to emerge from bankruptcy protection.

Published: Nov. 1, 2012 at 12:05 a.m. PDT
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Eastman Kodak says its losses widened to $312 million in the third quarter as the photo and printing company struggles to emerge from bankruptcy protection.

The loss reported late Tuesday compares with a loss of $222 million at the same time last year.

Revenue for the three-month stretch ending in September totaled $1 billion. That’s a 19 percent decrease from last year.

The latest loss included charges taken to account for the elimination of 775 jobs during the quarter. Eastman Kodak Co. has now jettisoned more than 2,800 workers since the beginning of the year.

Kodak, which is based in Rochester, N.Y., filed for bankruptcy protection in January.

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