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Lexmark International Inc.

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Lexmark’s third-quarter results were disappointing as the bottom line missed the Zacks Consensus Estimate. Also, both revenues and earnings decreased on a year-over-year basis, primarily due to lower Inkjet Exit revenues and the impact of foreign currency fluctuations. Also, lower revenues from imaging and software solutions impacted overall revenues during the quarter. Guidance for the fourth quarter and fiscal 2015 was also tepid, reflecting the Inkjet exit, shift to the high margin solutions business, weakness in Laser hardware and supplies revenues and currency headwinds. Pricing pressure and a high debt burden remain added concerns. Nonetheless, synergies from the recent acquisitions (Kofax and Readsoft) and renewed focus on the software space could set it back on the growth path.

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