Tuesday, October 23, 2007
Lexmark can't match Apple results
Monday's post-market story was Apple (NASDAQ AAPL) and its blow-out quarter. Printer maker Lexmark (NYSE LXK) has its quarterly results available as of this morning and the numbers are NOT good. Their year-over-year earnings declined 47%, revenues were off 3%, with business sector business up a bit but consumer business off more. LXK's stock, after meandering up with various takeover talk recently, is off about 9% and below $40/share after about an hour of market activity this morning.