NEW YORK (TheStreet) -- Shares of Lexmark International (LXK) were falling 22.1% to $36.87 on heavy trading volume Thursday after the printer manufacturer reported mixed results for the second quarter.
Lexmark reported earnings of 97 cents a share for the second quarter, above analysts' estimates of 82 cents a share. Revenue fell 0.3% year over year to $891 million for the quarter, below analysts' estimates of $895.12 million.
The company said it expects to report earnings of 51 cents to 61 cents a share for the third quarter, below analysts' estimates of 89 cents a share.
Lexmark expects earnings of $2.55 to $3.57 a share for full year 2015, compared to analysts' estimates of $3.68 a share.
About 4 million shares of Lexmark were traded by 11:10 a.m. Tuesday, well above the company's average trading volume of about 598,000 shares a day.
TheStreet Ratings team rates LEXMARK INTL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate LEXMARK INTL INC (LXK) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: LXK Ratings Report
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