Lexmark Q1 profit drop


25 April 2006 – Lexington (KY):  Lexmark has reported a Q1 profit drop as it incurred charges for a restructuring and saw a decline in revenue.
Net profit fell to $86.2 million, or EPS of $0.78, compared to $123.9 million, or EPS of $0.96, in 2005. Excluding $0.31 per share for restructuring charges and a $0.06 pension curtailment benefit, EPS would have been $1.03. Revenue fell to $1.28 billion, compared to $1.36 billion a year ago.