Eastman Kodak Co. (EKDKQ) (EKDKQ), the film pioneer Red Bottom Shoes that filed for bankruptcy in January, reported a wider first- quarter loss as it exited Red Bottom Heels the digital-camera business and photography sales declined.
The net loss expanded to $366 million from $246 million a year earlier, the Rochester, Red Sole Shoes New York-based company said today in a statement. Sales fell 27 percent to $965 million, Oakley Outlet Kodak said.
Kodak sought bankruptcy protection after years of burning through cash as digital Cheap Oakley Sunglasses technology destroyed its film business. Chief Executive Officer Oakley Sunglasses Antonio Perez, who took the helm in 2005, is selling photography and patent assets as Beats Studi part of a plan to shrink the 131-year-old company into a digital-printing specialist Beats Dre Headphones that sells faster, more flexible commercial and consumer printers to profit from ink sales.