Kodak’s Net Income Falls; Revenue Rises

Eastman Kodak Co., the world’s biggest maker of film, said first-quarter earnings fell 69% because of consumers switching to digital cameras and the costs to cut jobs.

First-quarter net income fell to $12 million, or 4 cents a share, from $39 million, or 13 cents, a year earlier. Sales rose 1.3% to $2.74 billion.

Shares of Rochester, N.Y.-based Kodak fell $1.65 to $30 on the NYSE.