The company also said it will cut up to 10,000 more jobs than previously announced, partly because it wants to accelerate its move intoand partly because of a faster-than-expected decline in film sales.
The world's top maker of photographic film posted a net loss of $146 million, or 51 cents a share, compared with a net profit of $136 million, or 46 cents a share, a year earlier.
Revenue rose to $3.69 billion from $3.46 billion a year ago.
Excluding costs related to restructuring and other one-time items, Kodak's profit was 53 cents a share.
On that basis, analysts had forecast a profit of 79 cents a share, on revenue of $3.65 billion.
Kodak, which in January 2004 had said it would cut its worldwide work force by up to 15,000 jobs, said it now plans to cut its work force by a total of 22,500 to 25,000 jobs