This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tuesday's Winners & Losers: Lexmark

Shares of Lexmark International (LXK - Get Report) were among the NYSE's losers Tuesday, falling 6% after the printer maker posted mixed fourth-quarter results and gave a lower-than-expected guidance.

For the fourth quarter, Lexmark earned $89.9 million, or 91 cents a share, on revenue of $1.37 billion. Excluding certain items, earnings were $1.05 a share. Analysts polled by Thomson Financial expected earnings of 95 cents a share, before items, on revenue of $1.38 billion. During the year-earlier period, the company earned $82.3 million, or 71 cents a share, on revenue of $1.37 billion.

Looking ahead, Lexmark forecast first-quarter adjusted earnings of 93 cents to $1.03 a share, below analysts' forecast of $1.04. The company anticipates a year-over-year revenue decline in the low- to mid-single digit percentage. Analysts project revenue of $1.28 billion, which is roughly flat with year-ago results. Shares of Lexmark were down $4.07 to $62.53.

Shares of 3M (MMM - Get Report) fell 5% after the conglomerate issued a 2007 earnings guidance that disappointed investors. In the fourth quarter, 3M earned $1.18 billion, or $1.57 a share, on revenue of $5.78 billion. Excluding a gain on the sale of its pharmaceutical business, the company earned $1.10 a share. Analysts expected earnings of $1.14 a share, before items, on revenue of $5.76 billion. During the year-earlier quarter, 3M earned $746 million, or 97 cents a share, on revenue of $5.33 billion.

For 2007, 3M forecast earnings of $5.20 to $5.45 a share. The guidance includes a gain of 60 cents to 70 cents a share for the sale of its pharmaceutical unit in Europe. The forecast also includes stock-based compensation costs of 21 cents a share. Analysts project earnings of $4.99 a share. Shares were trading down $3.53 to $75.43.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ITW $104.52 0.00%
LXK $38.60 0.00%
MMM $167.38 0.00%
TEN $53.30 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs