Lexmark’s 2015 first quarter earnings are down slightly from the same time period last year, but the numbers are better than financial analysts had predicted.
Chairman and Chief Executive Officer Paul Rooke said despite a strong currency headwind, the company delivered revenue and earnings per share at the top of the January guidance range. “Our total revenue in constant currency grew 3%, our core revenue made up of our laser and enterprise software business grew 6% in constant currency and then our higher value solutions made up of our managed print services and enterprise software grew 19% in constant currency. Earnings per share we delivered 81 cents.”
Lexmark’s revenue was $852 million in 2015 compared to $878 million in 2014, a difference of 26 million. Rooke believes the news is still good for a company that’s going through a transition from the ink jet printing market to a solutions company for the health care, manufacturing and personnel business sector. After opening at $43.92 this morning, Lexmark shares were down 2.22% by early afternoon.