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Kodak Loses $298M, May Sell Health Imaging Unit

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ROCHESTER, N.Y., May 4, 2006 -- Eastman Kodak Co. today reported a $298 million loss for the first quarter -- or $1.04 a share -- and said it is considering selling its second-highest revenue earner, the 110-year-old Health Group, which generated $2.7 billion in 2005. In a separate statement, the company announced organizational changes associated with its continuing transition to digital photography. Kodak said the $298 million loss for the first quarter of 2006, its sixth straight quarterly loss, stems largely from its restructuring charges ($197 million after taxes) and the rising costs of silver and oil. The Health...Read full article

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    Published: May 2006
    Glossary
    digital photography
    A form of photography in which an electronic camera converts an image to an electronic signal that is stored in digital format on magnetic media or film.
    Communicationsdigital photographyEastman KodakfilmHealth GroupImagingindustrialKodaklossNews & FeaturesPerezphotographyx-ray

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