Pitney Bowes, Inc. (PBI) Tops Q1 EPS by 1c

Pitney Bowes, Inc. (NYSE: PBI) reported Q1 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $937 million versus the consensus estimate of $937.6 million.

Pitney Bowes, Inc. sees FY2014 EPS of $1.75-$1.90, versus the consensus of $1.84.

“We delivered another solid quarter and our actions are beginning to support our long-term economic model,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “Our core mailing businesses continued to improve and stabilize, and our Digital Commerce business posted another excellent quarter of double-digit revenue growth.

“We are off to a good start to the year,” Lautenbach continued. “The decisions we made and the actions we have taken over the past 15 months are beginning to pay off. While we have more to do, we are confident in our ability to continue to execute and deliver on our long-term financial model. Our strategy is the right one and we remain well-positioned to further capitalize on the changes in the marketplace and the requirements of our clients.”

For earnings history and earnings-related data on Pitney Bowes, Inc. (PBI) click here.

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