Lexmark International Inc. (LXK) reported first quarter non-GAAP EPS of $0.88 Tuesday morning, which topped the consensus estimate of $0.87. Second quarter non-GAAP EPS is expected to be between $0.80 and $0.90, compared to the consensus estimate of $0.89.
Lexmark International gapped up slightly Tuesday and has risen sharply in early trade. Shares are currently higher by 3.91 at $29.36. The stock has broken out past resistance and has set over an 11-month high.
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