Eastman Kodak (EKDKQ.PK +17.4%) is now up 55% over the last 2 days on the pink sheets after...
- Tuesday, April 30, 11:28 AM ET
Eastman Kodak (EKDKQ.PK +17.4%) is now up 55% over the last 2 days on the pink sheets after announcing the sale of its personalized and document imaging units, and providing a Q1 business update. Excluding its $535M patent sale and a $77M goodwill charge, Kodak had a Q1 loss of $175M. Sales from continuing ops fell 9% Y/Y to $849M, and the bankrupt company's cash balance rose by $30M Q/Q to $1.17B. The Digital Printing & Enterprise unit had a segment loss of $8M in Q1, and the Graphics, Entertainment, & Commercial Films unit a profit of $38M
No comments:
Post a Comment