Lexmark’s Net Income Jumps in Fourth Quarter
Lexmark International Inc. posted fourth-quarter revenue of $1.07 billion Tuesday, up 12 percent sequentially compared to the third quarter of 2009. It was a decrease of 1 percent compared to the same quarter last year. Net income in the fourth quarter more than tripled to $59.8 million, up from $18.1 million a year earlier.
Lexmark saw increased quarterly revenue in several areas. Lexmark’s printing solutions and services division revenue of $748 million grew 14 percent sequentially compared to the third quarter of 2009 and grew 4 percent year to year. Lexmark’s imaging solutions division revenue of $325 million grew 7 percent sequentially compared to the third quarter of 2009 and declined 11 percent compared to a year ago.
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