Lexmark Still Cautious Despite Earnings Growth

Published: Jul 19, 2004
Updated: Feb 2, 2021
1 minute read
eWeek Le contenu et les recommandations de produits sont indépendants de la rédaction. Nous pouvons gagner de l'argent lorsque vous cliquez sur des liens vers nos partenaires. En savoir plus

Printer giant Lexmark International Inc. on Monday reported double-digit earnings and revenue growth for the second quarter of 2004.

The Lexington, Ky., company took in a profit of $136.6 million, or $1.02 per share, on revenue of $1.25 billion, topping its year-ago profit of $101.7 million, or 77 cents a share, on revenue of $1.12 billion.

Profit was driven by a 14 percent growth in sales of supplies and an 11 percent growth in hardware sales, Lexmark chief financial officer Gary Morin said during an earnings conference call.

In the business market, sales of low-end monochrome and color laser printers were stronger than higher-end printers, Morin said.

/zimages/2/28571.gifLexmark is targeting SMBs with a new printer line.Click hereto read more.

Despite an upbeat second-quarter earnings announcement, Lexmark officials were cautious about the third quarter, and Lexmark shares fell more than 7 percent on the day.

“As we look forward to the third quarter, we believe our recent product announcements and our supplies-driven business model position us well for continued growth,” Morin said. “However, we continue to be cautious due to the uncertainty in the market and the potential for aggressive price competition.”

Lexmark lags behind only Hewlett-Packard Co. in U.S. printer shipments. Lexmark also resells its printers through partners Dell Inc. and IBM.

/zimages/2/28571.gifCheck out eWEEK.coms Desktop & Notebook Center at http://desktop.eweek.com for the latest news in desktop and notebook computing.

eWeek Logo

eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site's focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

Propriété de TechnologyAdvice. © 2026 TechnologyAdvice. Tous droits réservés

Divulgation publicitaire : Certains des produits qui apparaissent sur ce site proviennent d'entreprises dont TechnologyAdvice reçoit une compensation. Cette compensation peut influencer la façon dont les produits apparaissent sur ce site, notamment l'ordre dans lequel ils apparaissent. TechnologyAdvice n'inclut pas toutes les entreprises ou tous les types de produits disponibles sur le marché.