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Stock Market & Financial Investment News

News Breaks
July 8, 2014
07:33 EDTLXKLexmark releases statement on counter offer from Hyland Software for ReadSoft
Lexmark presented a revised offer to the shareholders of ReadSoft of SEK 43.00 on June 19, representing a 133.7% premium compared to the closing share price of SEK 18.40 per class B share in ReadSoft on the last trading day before the announcement of the initial offer on May 6. Lexmark's CEO Paul Rooke said, "We acknowledge Hyland Software's latest offer for ReadSoft and are evaluating an appropriate response... Lexmark is evaluating all of its options and will discuss with ReadSoft's Board of Directors at the appropriate time."
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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