Lexmark Falls as Profit Picture Fades

Shares fell Monday after the printer maker said results have been hurt by heavy discounting amid tough competition

The earnings warning that Lexmark International (LXK) issued on July 9 for the second and third quarters had investors concerned that the black ink in the company's bottom line could turn to red before too long. The stock traded 6.6% lower at $46.16 on July 9.

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