Tuesday, February 23, 2016

Lexmark International Q4 Loss Narrows, Plans To Cut 550 Jobs

Lexmark International Inc. (LXK) Tuesday announced a narrower fourth quarter net loss of $10.7 million compared to loss of $22.6 million last year. On a per share basis, loss narrowed to $0.17 from $0.37 a year ago. Adjusted earnings were $1.16 per share. The company said the results reflects strong U.S. dollar and ongoing exit of inkjet.

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