Kodak stems losses in November

Posted at: 12/28/2012 10:25 PM
Updated at: 12/29/2012 1:31 PM

Kodak's future is beginning to look a little brighter. New reports from the company show it has posted its smallest net loss of the year in November.

The company's monthly operating report shows a loss of $60.8-million during November. That is a drastic change compared to July when the company's losses hit a high of $160-million. Continuing operations losses--or the normal costs of operating--were also down to about $60-million from about $82-million in October.

The company also showed a net profit for the third straight month in November. CEO Antonio Perez says he is confident the company will emerge from bankruptcy in the first half of 2013.