Feeds

Lexmark warns of sales slowdown

Q2 profit bucks trend

  • alert
  • submit to reddit

SANS - Survey on application security programs

Lexmark posted a three per cent rise in profits in Q2, but warned of a slowdown for the rest of the year.

The US printer company said net income grew to $87.1 million, or 65 cents per share, for the three months ended June 30 2001. Sales rose 11 per cent to $988 million.

Lexmark chairman and CEO Paul Curlander said that the "considerable slowdown in market demand, compounded with more aggressive laser and inkjet printer price competition," had forced the company to cut growth forecasts for the full financial year 2001.

Regarding Q3, the company expects to earn between 50 and 60 cents per share, compared to 50 cents per share for the same period the previous year. For the fourth quarter, it forecast earnings per share of between 70 and 80 cents, compared to 64 cents.

The company had previously forecast full year 2001 earnings per share growth of 15 to 20 per cent. ®

Related Link

Lexmark statement

Related Stories

Lexmark profits fall 45%
Lexmark ditches 900 jobs

Combat fraud and increase customer satisfaction

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.