Lexmark's Earnings Better Than Expected

Lexmark announced first quarter earnings Wednesday that exceeded expectations but that wasn't enough for Wall Street.

Stock for the Lexington-based printer maker fell after the announcement.

The company's first-quarter revenue was down 7-percent, with a big drop in inkjet printer sales.

Lexmark's CEO says the company is trying to drive growth in other high-usage segments.

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  • by Of course they are... on Apr 23, 2008 at 05:01 AM
    When you buy a printer for $120 cartridge refills are $45 each, I can understand why their profits are up. It's a rip off.
  • by Be Fair Location: Lexington on Apr 23, 2008 at 03:07 AM
    Lexmark purposely sold less inkjet printers as part of a long-range plan. It's pretty well-known they are focusing on customers who print more, mainly using laser printers. I don't know why the local media loves to print negative stuff about Lexmark, one of the city's largest employers.


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