Lexmark Int'l Q4 Profit Surges, Sees Q1 EPS In Line - Quick Facts

(RTTNews) - Lexmark International, Inc. (LXK) Tuesday said its fourth-quarter profit surged to $94.0 million or $1.48 per share from $26.3 million or $0.40 per share in the prior-year quarter.

Adjusted earnings for the latest quarter was $75 million or $1.18 per share. On average, ten analysts polled by Thomson Reuters expected the company to earn $1.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter increased 4 percent to $1.01 billion from $967.4 million in the same quarter last year. Analysts expected revenues of $929.45 million. This includes $5 million of acquisition-related adjustments.

Looking ahead to the first quarter, the company expects adjusted earnings in a range of $0.80 to $0.90 per share, on a projected revenue decline of 3 to 5 percent from the year-ago quarter.

Street is currently looking for first-quarter earnings of $0.85 per share, on quarterly revenues of $840.86 million.