Lexmark (LXK) Tops Q1 EPS by 5c; Guides In-Line

Lexmark (NYSE: LXK) reported Q1 EPS of $0.81, $0.05 better than the analyst estimate of $0.76. Revenue for the quarter came in at $855 million versus the consensus estimate of $849.98 million.

Lexmark sees Q2 2015 EPS of $0.75-$0.85, versus the consensus of $0.79.

Lexmark sees FY2015 EPS of $3.60-$3.80, versus the consensus of $3.61.

"Despite a strong currency headwind, Lexmark delivered revenue and EPS at the top of our January guidance range," said Paul Rooke, Lexmark chairman and chief executive officer. "Double-digit revenue growth in Higher Value Solutions is another clear indication that our transformation strategy is working.

"Our Annuity revenue represents approximately 70 percent of Core revenue, fueling Lexmark's ability to invest in growing our Higher Value Solutions capabilities while also returning capital to shareholders through dividends and share repurchases."

For earnings history and earnings-related data on Lexmark (LXK) click here.

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