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Kodak quarterly loss narrows

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May 1, 2008

NEW YORK (Reuters) - Photography company Eastman Kodak Co <EK.N> on Thursday said its quarterly loss narrowed as improved digital cameras sales helped offset higher costs for raw materials and the roll-out of it printer strategy.

Kodak said its loss was $114 million, or 40 cents a share, compared with a year-earlier loss of $175 million, or 61 cents a share.

The world's top maker of photographic film, which says it has completed the major elements of a lengthy and expensive transformation into a smaller company that focuses on digital photography products and services, said total revenue rose 1 percent to $2.09 billion.

(Reporting by Franklin Paul; Editing by Steve Orlofsky)

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