Lexmark Breaks Even In Third Quarter
Ink company Lexmark has announced that its earnings broke even during the third quarter of this year.
The ink specialist's latest results show that its GAAP revenue stands at $919 million (£575 million), with $2 million of this coming from acquisition-related adjustments.
It would have earned 94 cents per share for the three month period, but alterations related to the closing of its inkjet and acquiring software companies meant that this fell to zero.
Paul Rooke, Lexmark chairman and chief executive officer, said: "Our third quarter financial results were highlighted by solid free cash flow generation and ongoing growth in Perceptive Software and managed print services revenue."
The company's second quarter results fell below the guidance it set for April and, at the time, Mr Rooke noted that the firm's inkjet printers were "driving the big declines" for the business, as opposed to the smaller laser hardware that it has put on the market.
Posted by Johnny McMaster.