Xerox Jumps After Earnings Surprise

Wyeth and Merck gained ground after reporting results; P&G issued upbeat profit forecast; plus more stocks in the news

Xerox (XRX ) shares jumped 17% Tuesday after reporting one cent in fourth-quarter earnings per share, vs. a loss of 19 cents per share a year ago, despite a 3.1% revenue drop. Analysts had expected a loss. The company posted fourth-quarter operating EPS of 24 cents. S&P kept its avoid ranking on the stock.

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