Lexmark urges caution

Lexmark has provided a cautious outlook despite reporting a robust set of Q2 results. Driven by new printers and supplies sales, the firm posted net income of $136.6 million, or EPS of $1.02, up from $101.7 million, or EPS of $0.77, a year earlier. Revenue rose 11 per cent to $1.25 billion.

Despite the strong results, CEO Paul Curlander gave a cautious outlook due to "the uncertainty in the market and the potential for aggressive price competition".

Lexington (KY)