|
LOUISVILLE, Ky. (AP) - Printer maker Lexmark International Inc. sharply lowered its second-quarter earnings forecast Monday, blaming the decline on sagging consumer inkjet supply sales. The company forecast sluggish earnings continuing into the third quarter.
Another factor cited by the Lexington, Ky.-based company for the suddenly lower-than-expected performance was its aggressive pricing and promotions.
In a conference call with analysts, Lexmark Chairman and Chief Executive Paul J. Curlander reported higher sales for the company's branded printers, but said that "to improve our inkjet supply sales, we need to drive more sales of inkjet units."
|