Stock Track | Eastman Kodak Plunges 5.72% After-Hours on Disappointing Q1 Earnings with Increased Losses
Stock Track
Yesterday
Eastman Kodak's stock experienced a significant after-hours plunge of 5.72% following the release of its first-quarter financial results.
The sharp decline came after the company reported a net loss of $16 million for the quarter, with losses per share widening to $(0.21) compared to $(0.12) in the same period last year, representing a 75% increase in losses year-over-year.
While the company reported a 7.29% increase in quarterly sales to $265 million, investors focused on the deteriorating bottom line, leading to the post-market selloff.
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