Shares of Eastman Kodak (KODK) tumbled 5.97% in after-hours trading on Thursday following the release of the company's first-quarter 2025 financial results. The sharp decline reflects investor disappointment with the imaging technology company's performance for the quarter.
Kodak reported a net loss of $7 million for Q1 2025, a significant downturn from the profit recorded in the same period last year. The company's earnings per share (EPS) fell to $(0.12), marking a stark 140% decrease from the $0.30 EPS reported in Q1 2024. Revenue for the quarter came in at $247 million, representing a slight decline of 0.80% year-over-year from $249 million.
Despite the overall negative results, Kodak did manage to achieve a positive operational EBITDA of $2 million for the quarter. However, this figure appears insufficient to allay investor concerns about the company's profitability and growth trajectory. The after-hours stock plunge suggests that market participants are reassessing their expectations for Eastman Kodak's near-term performance and may be questioning the effectiveness of the company's ongoing transformation efforts in the face of challenging market conditions.
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