Pitney-Bowes (PBI) Tops Q3 EPS by 5c; Lifts Outlook Slightly
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Pitney-Bowes (NYSE: PBI) reported Q3 EPS of $0.51, $0.05 better than the analyst estimate of $0.46. Revenue for the quarter came in at $942 million versus the consensus estimate of $944.8 million.
Pitney-Bowes sees FY2014 EPS of $1.85-$1.92, versus prior guidance of $1.8-$1.9 and the consensus of $1.86.
“We performed well in the third quarter, delivering solid financial results,” said Marc Lautenbach, President and CEO, Pitney Bowes. “Once again, our Digital Commerce Solutions segment posted excellent top and bottom line results for the quarter, growing revenue 26 percent and expanding margins. Profitability in our mailing businesses continued to improve year over year.
“Our results further demonstrate the continued and steady progress we are making in executing our long-term growth strategy to unlock greater shareholder value. Going forward, we remain confident about our multi-year journey to transform Pitney Bowes and deliver sustained value for our clients, shareholders and employees.”
For earnings history and earnings-related data on Pitney-Bowes (PBI) click here.
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