Lexmark Plunges on Outlook, Q2 – Zacks Tale of the Tape
Zacks Market Commentaries (July 21st, 2009) Writes:
Shares of this Zacks #4 Rank ("Sell") company have plunged more than 20% on extraordinarily heavy volume of about 14.5 million, compared to the average daily volume of approximately 2.5 million.
The company expects third-quarter adjusted earnings of 40 cents to 50 cents per share, which is below the consensus forecast of 52 cents per share.
Meanwhile, Lexmark posted second-quarter adjusted earnings of 55 cents per share, missing the consensus estimate by nearly 10%.
Sales fell 21% to $904.6 million as the economic slump impacted demand for its imaging and printing products.
The average forecast for the company's full-year earnings has declined a penny over the past week to $2.59 per share as 1 of 12 covering analysts lowered expectations.
"LXK" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research...cent;, imaging, Lexmark, Market Commentary, printing products, Stocks to Watch, The Macro Trader, USD, Zacks Market Commentaries


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)


