Lexmark International, Inc. (LXK) Tops Q1 EPS by 5c

Lexmark International, Inc. (NYSE: LXK) reported Q1 EPS of $0.92, $0.05 better than the analyst estimate of $0.87. Revenue for the quarter came in at $877.7 million versus the consensus estimate of $855.8 million.

"In the first quarter our higher value solutions portfolio revenue, comprised of Managed Print Services and Perceptive Software, grew 18 percent, accounted for 28 percent of Lexmark's total revenue, and is expected to exceed $1 billion this year," said Paul Rooke, Lexmark chairman and chief executive officer. "We also had strong laser supplies revenue growth again this quarter, and delivered increased non-GAAP gross profit, operating income and pretax earnings.

"Lexmark is creating value for our shareholders by helping business customers solve their unstructured information challenges, advancing our solutions capabilities organically and through acquisitions, and by returning capital through an attractive dividend and ongoing share repurchases," added Rooke.

Sees Q2 2014 EPS of $0.85 - $0.95, versus the consensus of $0.94.

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

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