ROCHESTER, N.Y. - Eastman Kodak Co. reported a narrower loss for its first quarter on Friday, its ninth deficit in the last 10 quarters as it applies some final cost-cutting touches to a drastic digital makeover.
The results missed Wall Street expectations and its shares sank more than 6 percent in morning trading.
The photography company lost $151 million, or 53 cents a share, in the January-March period versus a loss of $298 million, or $1.04 a share, a year ago when it took hefty charges linked to its massive overhaul.
Sales fell 8 percent to $2.12 billion from $2.89 billion a year ago.
Its overall digital sales in the latest quarter fell 3 percent to …
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