Lexmark (LXK) this morning posted better-than-expected Q3 profits.
For the quarter, the printer company posted revenue of $1.02 billion, a hair below the Street consensus at $1.04 billion, but with non-GAAP profits of $1.09 a share, ahead of the Street at 97 cents.
For Q4, the company sees profits of $1.03 to $1.13 a share, ahead of the Street at $1.01.
Lexmark also announced that CEO Paul Curlander will retire in the spring of 2011; he will be succeeded by Paul Rooke, who has been with the company since its formation and most recently has been executive VP and president of the imaging solutions division.
Curlander will add the title of executive chairman.
LXK this morning is down $2.60, or 5.5%, to $45.12.
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