Kodak has reported a first-quarter net loss of 50 cents per share from a 3% revenue decrease. The loss also reflects expenses incurred in cost reductions. By removing the cost-reduction charges from the calculation of earnings, Kodak had 3 cents per share of operational earnings in the first quarter. The company's traditional products and sales declined 18% while the digital portfolio increased 23%. Overall, sales totalled $2.832 billion.
