Shares of Eastman Kodak was the big loser for the last two sessions, its share fell sharply, more than 10% in both sessions. The recent sell off was triggered after the company announced first quarter profit that much lower than Wall Street expectation.
The company earned $119 millions, or 40 cents per share, while average estimate of analysts came in at 79 cents a share. The company expects to lose $50 to $150 million this year on flat revenues.
Eastman Kodak returned to profitability in Q4 last year, after years of restructuring and catching up its competitors in the imaging sector.
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