Lexmark International Earnings: Here’s Why the Stock is Crashing Now
Lexmark International Inc. (NYSE:LXK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down over 5%.
Lexmark International Inc. Earnings Cheat Sheet
Results: Net income decreased -91.34% to $6 million (61 cents per diluted share) in the quarter versus a net gain of $69.3 million in the year-earlier quarter.
Revenue: Decreased 8.73% to $967 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lexmark International Inc. reported adjusted net income of 61 cents per share. By that measure, the company missed the mean analyst estimate of $0.9. It beat the average revenue estimate of $934.03 million.