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Stock Market & Financial Investment News

News Breaks
February 4, 2013
17:01 EDTLXKLexmark repurchased $21M in shares under accelerated repurchase agreement
Lexmark (LXK) disclosed in a regulatory filing that after the close of the markets on January 29, Lexmark entered into an accelerated share repurchase agreement with JPMorgan (JPM). Pursuant to the terms of the agreement, the company will purchase $21M of the outstanding shares of its class A common stock from JPMorgan. After entering into the transaction described above, the company now has approximately $230M of share repurchase authority remaining.
News For LXK From The Last 14 Days
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October 21, 2014
06:36 EDTLXKLexmark raises FY14 adjusted EPS view to $4.05-$4.15 from $3.95-$4.15
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06:34 EDTLXKLexmark sees Q4 adjusted EPS $1.10-$1.20, consensus $1.18
Sees Q4 revenue down 2%-4%. The company expects the 2012 decision to exit inkjet to have a diminishing negative impact on revenue growth. Excluding Inkjet Exit revenue, Q4 revenue is expected to grow year to year.
06:33 EDTLXKLexmark reports Q3 adjusted EPS $1.05, consensus 92c
Reports Q3 revenue $918.1M, consensus $889.62M. Paul Rooke, Lexmark chairman and CEO, said, "In Q3, Managed Print Services and Perceptive Software combined revenue grew 20%, representing nearly one third of Lexmark's total revenue, and is on track to exceed $1B this year. The acquisition of ReadSoft further broadens Lexmark's solutions capabilities and reach, and supports our target of generating Perceptive Software revenue of $500M in 2016"

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