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Tag Archives: loss

Kodak posts 1Q loss on weaker sales

Eastman Kodak Co. said Thursday it lost $246 million in the first quarter — its third quarterly loss in the last year — on weaker digital camera and film sales. The results missed Wall Street expectations, and its shares fell 20 cents, or 6.3 percent, to $2.97 in pre-market trading.

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Freddie Mac posts $4.1B loss for Q3

WASHINGTON, D.C. — Government-controlled mortgage buyer Freddie Mac on Wednesday posted a narrower loss of $4.1 billon in the third quarter as it asked for an additional $100 million in federal aid — substantially less than the $1.8 billion it sought in the second quarter.

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Berkshire defends accounting

OMAHA, Neb. — Warren Buffett’s company is defending its decision not to write down the value of its investments in Kraft Foods, US Bancorp and other stocks even though they were worth nearly $1.9 billion less at the end of 2009 ...

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AOL posts huge 2Q loss

NEW YORK CITY — Internet company AOL Inc. reported a $1 billion-plus net loss for the second quarter because of charges for a decline in its share price and the sale of social networking site Bebo.

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Kodak suffers 2Q loss

ROCHESTER — Robust inkjet printer sales and fewer charges narrowed Eastman Kodak Co.’s loss to $168 million in the second quarter, but its slumping film business cast a shadow over the photography pioneer’s prolonged digital transformation.

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