11 days after hammering Lexmark (LXK -14.8%) on account of its Q2 warning, the Street is doing...

|About: Lexmark International, Inc. (LXK)|By:, SA News Editor

11 days after hammering Lexmark (LXK -14.8%) on account of its Q2 warning, the Street is doing it again due to the guidance accompanying the actual report. Lexmark expects a 9%-11% Y/Y Q3 revenue drop and EPS of $0.75-$0.85, worse than a consensus of 7.1% and $0.98. The magnitude of the EPS miss suggests sales of high-margin printing supplies are especially under pressure (due to online/mobile photo sharing), as Goldman recently suggested. HPQ -1.6% in sympathy.