Lexmark's 3Q Mixed, View Disappoints - Analyst Blog
Lexmark International Inc. ( LXK ) has posted third quarter 2012 earnings per share (EPS) of 94 cents, outshining the Zacks Consensus Estimate of 78 cents and the company's guidance range of 75-85 cents.
Lexmark's third quarter revenue of $919.2 million dropped 11.2% from $1.03 billion in the year-ago quarter and was lower than the Zacks Consensus Estimate of $923.0 million. The year-over-year decline was roughly in line with the company's expected range of 9.0-11.0%. The dampened year over year comparison was due to currency headwinds, weakness in Europe and its exit ...