The Analyst Corner
by Robert Palmer | 5/1/14
Lexmark’s Q1 earnings announced on April 22 produced somewhat of a mixed market reaction. On a non-GAAP basis, revenues of $881 million exceeded Lexmark’s own guidance but represented a decline of about 1 percent compared with revenues of $886 in the year-ago quarter. Lexmark attributed the decline to its ongoing exit from the inkjet business and a decrease in hardware and supplies revenues. Net income of $58.3 million was down compared with $62 million in the year-ago quarter.