... noch einen hat's heute gebeutelt: Lexmark.
[i]Lexmark plunge hits computer sector
By Janet Haney, CBS.MarketWatch.com
Last Update: 4:49 PM ET Sep 26, 2000
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NEW YORK (CBS.MW) -- Falling shares of Lexmark added pressure to
computer stocks Tuesday, after the printer maker warned it would miss
estimates for the second half of the year.
Lexmark (LXK: news, msgs) shares shed a whopping 28 percent to $37.50,
after closing at $52 in the previous session. Wall Street analysts were quick
to react to the warning news, lowering ratings and price targets on
Lexmark. Late Monday, the Lexington, Ky., company said it expects
earnings of 45 cents to 50 cents for the third quarter, lower than the First
Call projection of 60 cents per share for the period. See full story.
Additionally, Lexmark said sales
growth in the fourth quarter is expected to
be 10 to 15 percent more than the same
period last year, while earnings should be
between 55 and 65 cents per share.
Analysts expect Lexmark to earn 80 cents a share in the fourth quarter. [/i]
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