Earnings News
FONT-SIZE Plus   Neg

Lexmark Q1 Profit Declines; Guides Q2 EPS Below View - Quick Facts

Trade LXK now with 

Lexmark International, Inc. (LXK: Quote) posted first-quarter net earnings of $60.8 million or $0.84 per share, lower than $83.3 million or $1.04 per share last year. Adjusted earnings per share declined to $1.05 from $1.14 in the previous year.

Revenue for the quarter declined to $992.5 million from $1.03 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.05 per share on revenues of $988.98 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company currently expects revenue to decline 7 to 9 percent year-over-year. Adjusted earnings for the quarter is expected in a range of $0.95 to $1.05 per share.

Street is looking for earnings of $1.14 per share on revenues of $986.38 million for the second quarter.

Click here to receive FREE breaking news email alerts for Lexmark International Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts


Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.