Lexmark swings to quarterly loss, to cut 500 jobs
July 21 (Reuters) - Printer maker Lexmark International Inc swung to a quarterly loss, and said it would cut about 500 jobs worldwide as part of a restructuring to reduce costs.
The company reported a net loss of $36.3 million, or 59 cents per share, compared with a net income of $37.5 million, or 59 cents per share, a year earlier.
Excluding items, the company earned 97 cents per share.
Non-GAAP revenue fell marginally to $891 million from $894 million in the second quarter ended June 30.
Operating expenses jumped 32 percent to $381.3 million.
(Reporting By Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)
