UPDATE: Eastman Kodak Reports Wider-Than-Expected Q2 Loss; Shares Down In Pre-Market

Eastman Kodak Co

reported a wider-than-expected second-quarter. Kodak posted a quarterly loss at $179 million, or $0.67 per share, versus a year-ago loss of $168 million, or $0.63 per share. Its sales dropped 4.5% to $1.49 billion. Analysts were expecting a loss of $0.61 per share on revenue of $1.54 billion. Its gross margin dropped to 14.2% from 19.5%. Kodak shares dipped 5.58% to $2.20 in pre-market trading.