Monday, August 9, 2010

Kodak [NYSE: EK] Reports 2010 2Q Loss - Company at Risk

Sometime we have good news, and sometime news that are not that good. Reuters reports that Kodak has posted bigger than expected loss in Q2 2010. It was also reported that Kodak shares has dropped after this announcement by 14 percent. Reuters.com also reported that this high loss in revenue was due to a lower demand for film, which is used for movies and video advertisements' production.

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