(Reuters) - Lexmark blamed weak sales of inkjet replacement cartridges, including a shift to lower-priced "moderate use" cartridges, and lower per-unit revenue from hardware, driven by aggressive pricing, promotions and higher-than-expected product costs.
The warning is another disappointment from Lexmark, which has reduced the number of lower-priced, unprofitable printers it sells over the past year. Printer makers typically sell printers at a loss in hopes of reaping profits from ink sales.
Read more at Reuters.com Hot Stocks News
The warning is another disappointment from Lexmark, which has reduced the number of lower-priced, unprofitable printers it sells over the past year. Printer makers typically sell printers at a loss in hopes of reaping profits from ink sales.
Read more at Reuters.com Hot Stocks News
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