Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of laser and ink-jet printing specialist Lexmark International
So what: Lexmark reported fourth-quarter earnings of $1.29, which handily beat analyst expectations of $1.12, while revenue came in ever so slightly below expectations -- $1.10 billion versus $1.104 billion. Investors seem to be willing to overlook a minor revenue miss on the back of an 11% jump in laser printer sales and cash flow generation of more than $500 million over the past year. Lexmark also supplied first-quarter guidance that fit into the upper end of current analyst forecasts.
Now what: Lexmark seems to resurrect its image every few quarters, and that appears to be what's going on today. The bullishness here really stems from whether Lexmark could be taking laser printing market share from Hewlett-Packard
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