Kodak recorded a loss of $142 million, or 50 cents a share, in the January-March period, blaming a $3 billion splashout on expanding its business in photography, medical imaging and commercial printing.

“Sales of digital products and services in all its businesses rose 23 percent to $1.32 billion, helped by a sharp rise in sales of cameras, kiosks and thermal printers. But revenues on the analog side dropped 18 percent to $1.51 billion, 2 percentage points steeper than predicted. In the digital photography and motion-film unit, sales fell 9 percent to $1.8 billion while operating profits plunged to $4 million from $25 million. Sales of consumer film to dealers sank 29 percent, hurt especially by temporary reductions in inventory among retailers in China.”

Website: Yahoo! News - Kodak Posts Loss During Digital Transition