Tuesday, April 24, 2007

Lexmark qtr profit, outlook miss expectations

(Reuters) - NEW YORK, April 24 - Computer printer maker Lexmark International Inc. said on Tuesday quarterly profit rose 7 percent but the results and its outlook missed Wall Street expectations, sending shares down 4 percent.

Sales of equipment Lexmark made for other brands continued to be weak in the first quarter, which also saw a decline in sales of inkjet supplies, and aggressive hardware pricing in the laser and inkjet markets, the company said.


Read more at Reuters.com Market News

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