Hot Stocks Today: Xerox Q4 Profit Rises, 2010 Guidance Beat Estimates

Xerox Corporation (NYSE:XRX) shares jumped 4.50% to $9.29 after the company reported its net income increased to $180 million, or 20 cents a share, from $1 million, or breakeven on a per-share basis, in the year-earlier quarter. Its adjusted earnings stood at 25 cents a share in the most recent period versus the analysts’ estimation of 22 cents a shares. The company also said that its revenue for the quarter was $4.22 billion compared with $4.37 billion.

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The company has provided robust full year guidance and said that it expects to earn 36 - 46 cents a share, or 75 cents to 85 cents on an adjusted basis. Analysts were eying for 74 cents a share, on average, for the year, according to FactSet.

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