Kodak Second Quarter Losses Signal Emergence

Published 08/09 2013 10:50AM

Updated 08/09 2013 10:52AM

Kodak is reporting a $157 million loss in its latest earnings report.

But company officials say this is good news. Last year, Kodak lost $306 million in the second quarter. The losses this year are explained by restructuring costs and income taxes. CEO Antonio Perez says the company is still on track to emerge from bankruptcy in the third quarter.

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