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twitterFirm posts $12 million loss
Wednesday, Jan. 26, 2005 | 9:08 a.m.
ROCHESTER, N.Y. -- Eastman Kodak Co., the world's biggest film manufacturer, posted a preliminary $12 million loss in the fourth quarter, mainly because of one-time costs to cover job cuts.
The company also cautioned today that it found errors related to its income taxes in 2004 that might require a restatement.
Kodak, which is navigating a tough transition to filmless photography, said it expects digital sales to exceed chemical-based photography sales in 2005 for the first time.
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