Lexmark

(LXK)

was up 13.4% in late morning after it reported third-quarter earnings of 50 cents per share, beating the Street's estimate of 47 cents, which was lowered after a recent warning. The year-ago result was 56 cents.

Lexmark, a printer maker, said it would cut 900 jobs and take a $35 to $45 million restructuring charge in the fourth quarter.

TheStreet Recommends