Kodak revenue falls 18 percent on lower motion picture film sales

A general view of the now mostly unused Kodak factory in Rochester, New York, January 1, 2013. REUTERS/Carlo Allegri·Reuters· (Reuters)
Reuters
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(Reuters) - Eastman Kodak Co , the once mighty photography pioneer that emerged from bankruptcy protection in September, reported an 18 percent fall in quarterly revenue, partly due to a decline in its motion picture film business. The company said revenue fell to $607 million in the fourth quarter ended December 31 from $739 million, a year earlier. Sales at its graphics, entertainment and commercial films business fell 12 percent to $396 million. Net loss narrowed to $63 million from $402 million. The company's shares closed at $27.60 on the New York Stock Exchange on Wednesday. (Corrects paragraph 3 to show that sales at graphics, entertainment and commercial business fell 12 percent to $396 million, not 47 percent to $519 million) (Reporting by Rohit T. K. in Bangalore; Editing by Maju Samuel)

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