Lexmark International Inc. narrowed its loss in the final quarter of the year and earnings beat expectations, though revenue fell worse-than-expected as enterprise software growth and margin expansion were offset by the stronger dollar and the company’s exit from its inkjet printing business.
Lexmark also announced a restructuring program targeting increased profitability and operations in its imaging solutions and services segment by which 550 jobs–or about 4% of the workforce–will be eliminated in the next 12 months. The company said some of the positions are being moved to low-cost countries. The program, in response to foreign currency challenges and aligned with the continuing strategic alt…
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