Xerox (XRX) 4Q09 Earnings Beat Estimates

Today Xerox (NYSE: XRX) reported that it earned $0.25 per share - down 5 cents from a year ago but 3 cents higher than the consensus estimate of $0.22.

The electronic office equipment industry has not had a good year with most of its component stocks experiencing declines over the last 4 quarters. Xerox, however, appears to be steadily gaining ground on its 52-week high of $9.75 from September '09. The stock is currently trading at $9.29, up 0.39 points from its close of $8.89.

Consensus recommendations from CNBC.com rate Xerox as a 'Buy'.

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