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Lexmark International Inc Issues Q1 2013 Guidance; EPS Guidance Below Analysts' Estimates

Tuesday, 29 Jan 2013 07:01am EST 

Lexmark International Inc announced that for the first quarter of 2013, it expects a continued negative impact from the decision to exit inkjet. Revenue is currently expected to decline 11% to 13% year on year, GAAP earnings per share to be around $0.43 to $0.53 and Non-GAAP earnings per share to be around $0.80 to $0.90. The Company reported revenue of $992.9 million in the first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $881 million and EPS of $1.01 for the first quarter of 2013. 

Company Quote

0.61 +1.26%
3:15pm EDT