Lexmark International up 3% on Higher Than Expected Q4 Profit

Lexmark International LXK is trading higher on the session following its Q4 earnings announcement. The company reported EPS of $1.25 vs $1.16 estimate and revenues of $1.06 billion vs $1.06 billion estimate. Paul Rooke, Lexmark CEO said: "2011 was a good year for Lexmark given the challenging global economic environment. Lexmark delivered record laser supplies revenue, record gross profit margin and a strong operating income margin." Lexmark International is currently trading at $35.78, a gain of $0.97 or 2.79%.