Lexmark ( LXK) said first-quarter earnings jumped 28% from a year ago and predicted that second-quarter profit would be at or above existing estimates.

The printer and printer supply company earned $121 million, or 91 cents a share, in the first quarter, compared with $95 million, or 73 cents a share, last year. Revenue rose 13% to $1.256 billion.

Analysts surveyed by Thomson First Call were forecasting earnings of 87 cents a share on revenue of $1.23 billion in the most recent quarter.

For the second quarter, Lexmark forecast earnings of 88 cents to 98 cents a share on revenue that is up by a percentage in the high single to low double digits. Analysts surveyed by Thomson First Call were forecasting earnings of 90 cents a share on revenue of $1.24 billion.

"Looking forward to the second quarter, we believe that our strong lineup of printing solutions will keep us well-positioned for solid growth," Curlander stated. "While we continue to see some indications of market improvement, we remain cautious due to the uncertain economic environment and the potential for aggressive price competition."

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