NEW YORK (TheStreet) -- Shares of Lexmark International Inc. (LXK) are higher by 4.22% to $48.92 in early morning trading on Tuesday after the company reported earnings per share of 99 cents for the 2014 second quarter, a decline from $1.04 for the 2013 second quarter, but exceeding analysts' estimates of 93 cents per share.
The printing, imaging, and device management services company posted an increase in revenue to $892 million for the most recent quarter, compared to $887 from the year ago quarter.
Analysts expected revenue of $867.09 million for the quarter, RTT News reports.
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Separately, TheStreet Ratings team rates LEXMARK INTL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate LEXMARK INTL INC (LXK) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, expanding profit margins, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."