Lexmark cheer on Q3 results

Lexmark International Inc., the world’s second-biggest printer manufacturer, yesterday promised better-than-expected third quarter results.

Lexmark expects per-share earnings in the range of 68-70 cents, after previously forecasting profits in the 58-68 cent range for the period, which ended in September. The company also expects revenue growth to be 4-5 per cent higher than a year ago.

The company’s stock climbed 12 per cent in response to the revelation, closing at US$51.40. Although Lexmark did not offer any reason for the news, it has experienced strong ink-cartridge and fax/printer/scanner sales in recent quarters.

Lexmark predicts fourth-quarter growth in the low to mid-single digits, and earnings per share of 67-77 cents. Analysts had previously expected 72 cents earnings per share.

Apple will report its fourth-quarter and full-year results on October 16. Macromedia is also scheduled to deliver its financial results that day.