Kodak Reports Loss for 1st Quarter, 50% Increase in Consumer Ink-Jet Revenues

Eastman Kodak reported a loss of $249 million, or $0.92 per share, compared with earnings of $119 million, or $0.40 per share, for first-quarter 2010. Kodak says the earnings decline primarily reflects the loss of a $550 million non-recurring intellectual property transaction in first-quarter 2010 that was not repeated in first-quarter 2011.