Laser printer manufacturer Lexmark International, Inc. (LXK) posted a net loss of $25.6 million, or $0.42 per share for the fourth quarter, as against a profit of $94.0 million, or $1.48 per share, last year.
On a non-GAAP basis, earnings per share amounted to $1.11 for the latest quarter. On average, 8 analysts polled by Thomson-Reuters estimated the company's earnings to be $1.14 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly GAAP revenue of $1.02 billion includes acquisition-related adjustments of $9 million, while non-GAAP revenue of $1.03 billion grew 2 percent year to year, and grew 7 percent excluding the planned and ongoing decline in Inkjet Exit revenue. Analysts were looking for revenues of $978.10 million.
For the first quarter of 2015, the firm expects total revenue to decline in the range of 3 to 5 percent year to year. Revenue, excluding Inkjet Exit revenue, is expected to decline slightly year-on-year. GAAP EPS are expected to be around $0.24 to $0.34, while non-GAAP EPS are likely to be around $0.70 to $0.80.
Looking forward to 2015, total revenue is expected to decline in the range of 3 to 5 percent year to year. Revenue, excluding Inkjet Exit revenue, is expected to decline slightly year-over-year. GAAP EPS are expected to be around $1.81 to $2.01. Non-GAAP EPS are expected to be around $3.60 to $3.80. Analysts project 2015 earnings per share of $3.85 on revenues of $3.60 billion.
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