Lexmark 2012 Q2 Results To Be Lower Than Expected

Printer ink company Lexmark expects its results from the second quarter of this year to be lower than original predictions.

It estimates that its second quarter revenue will drop by around 12 per cent year-over-year, which is a marked increase on its original forecast of between seven to nine per cent.

The ink cartridges manufacturer believes that the amendments illustrate the weaker than expected demand environment, with the company expecting the latter half of the year to also be impacted.

Lexmark confirmed that there will be no conference call held in association with its altered financial outlook, with the company refusing to make any comments before its second quarter report.

These predictions come after the firm was awarded a five-year contract from the Federal Aviation Administration (FAA).

The move will mean that the printer ink company is the sole provider of printing services to the group, which hopes to benefit from a cost-effective output infrastructure.

Posted by Johnny McMaster.