Lexmark International Inc. Reports 27% Decline In Q2 Profit

(RTTNews) - Lexmark International Inc. (LXK) reported earnings for second quarter that dropped from last year.

The company said its earnings dropped to $44 million, or $0.69 per share. This was lower than $60 million, or $0.97 per share, in last year's second quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $865.00 million. This was down from $891.00 million last year.

Lexmark International Inc. earnings at a glance:

-Earnings (Q2): $44 Mln. vs. $60 Mln. last year. -Earnings Decline (Y-o-Y): -26.7% -EPS (Q2): $0.69 vs. $0.97 last year. -EPS Decline (Y-o-Y): -28.9% -Analysts Estimate: $0.63 -Revenue (Q2): $865.00 Mln vs. $891.00 Mln last year. -Revenue Change (Y-o-Y): -2.9%