Lexmark Reduces Earnings Outlook
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The computer printer maker cited disappointing revenue from inkjet printers and cartridges, and its shares fell as much as 12 percent.
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The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.
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Flextronics International Ltd., which assembles electronics sold by other companies, Monday reported profit for its latest quarter but lowered its earnings forecast.
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The company's dismal earnings have dimmed investor enthusiasm.
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Sharper Image Corp., which sells robotic vacuum cleaners and massage chairs, reduced its full-year profit forecast because holiday sales were disappointing.
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Diebold Inc. today reduced its third-quarter and full-year earnings forecasts as it absorbs costs for recertifying its electronic voting machines in California and for expenses related to a pending civil action in that state.
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Xerox Corp , the world's biggest supplier of office printers, copiers and related services, on Friday said quarterly earnings fell from a year earlier, when it benefited from a tax-related gain.
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Printer maker Lexmark International  said on Tuesday its net profit rose, although revenue fell.
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Specialty retailer Sharper Image Corp. lowered its earnings estimates on Monday after reporting weaker-than-expected holiday sales.
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U.S. stocks ended lower on Wednesday,  as a reduced revenue outlook from Xilinx Inc. XLNX.O  pressured technology shares, while a dividend hike by American  International Group limited blue-chip losses.
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DaimlerChrysler DCXGn.DE cut its   2006 operating profit forecast by around 1 billion euros ($1.27   billion) on Friday and predicted U.S. arm Chrysler could lose   1.2 billion euros in the third quarter, much worse than first   thought.
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NEW YORK Merck led blue-chip stocks lower Thursday as the No. 2 US drug maker reduced its profit forecast after withdrawing its Vioxx painkiller.
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U.S. tech stocks fell on Wednesday  after Xilinx Inc. XLNX.O gave a reduced revenue outlook,  hurting the chip sector, while the Dow was slightly higher as  oil prices slipped after a government report showed a  higher-than-expected rise in distillate supply last week.
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The consumer products conglomerate warns of lowers sales and profits.
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Diebold, a manufacturer of automated teller machines, says that the cost of recertifying its electronic voting machines for use in Calfornia is forcing it to cut its quarterly earnings forecast by about 5 cents.
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The company cuts its 2004 earnings outlook by 20%, citing many reasons.
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Advanced Marketing Services Inc., which provides customized wholesaling and distribution services for the publishing industry, on Monday slashed earnings expectations for fiscal 2004.