Kodak will lay off 425 employees after reporting millions in losses

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Kodak recently disclosed its third quarter fiscal results, revealing that it had a GAAP net loss of $46 million on $379 million in revenues during its Q3 2017. This marks a sharp downturn of fortunes for Kodak, which saw $12 million in net earnings during the same quarter last year. "An overall print market slowdown and rising aluminum costs have impacted our commercial print business," explained Kodak CEO Jeff Clarke in a release. Clarke went on to explain that Kodak is, "taking ...
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