Strong printer sales drove up Lexmark's ( LXK) fourth-quarter earnings a better-than-expected 11.6% from the year-ago quarter.

The company earned $155.0 million, or $1.18 a share, in the quarter, compared with $138.8 million, or $1.05 a share, last year. Sales rose 12% from last year to $1.54 billion. Analysts had been forecasting earnings of $1.14 a share on sales of $1.47 billion in the 2004 quarter.

For the current quarter, Lexmark expects to earn 95 cents to $1.05 a share, up from 91 cents a share in the year-ago first quarter. Revenue should climb by a percentage in the mid- to high-single digits. Analysts are expecting earnings of $1.02 a share on sales of $1.36 billion in the first quarter.

The stock fell 2 cents to $84.11 on Instinet.

In the fourth quarter, Lexmark said, revenue from laser and inkjet printers rose 16% from a year ago, while revenue from printer supplies rose 13%.

"Most importantly, we continued disciplined investment in our core strategic development and marketing initiatives to drive future growth, and delivered a 28% year-to-year increase in EPS for the full year," the company said in a press release.

More from Technology

Salesforce Is Hitting on All Cylinders as Shares Notch an All-Time High

Salesforce Is Hitting on All Cylinders as Shares Notch an All-Time High

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target

Netflix Shares Hit All-Time High as Market Flounders

Netflix Shares Hit All-Time High as Market Flounders