Though its name is still a legend in the photo industry, the Eastman Kodak Company continues to struggle in this tough economy, announcing its fourth straight quarterly loss in an earnings report released today.
According to the Associated Press, Kodak "recorded a loss of $111 million, or 41 cents a share, in the third quarter, compared with a profit of $101 million, or 35 cents a share, a year earlier. Sales tumbled 26 percent to $1.78 billion from $2.41 billion, missing analysts' forecast of $1.89 billion."
While the economy is partially to blame -- many major photo manufacturers, including Canon, have...