Pitney-Bowes (PBI) Misses Q1 EPS by 7c; Guides In-Line
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Pitney Bowes Announces First Quarter 2016 Financial Results
May 3, 2016 7:00 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides products and solutions that power commerce, today reported financial results for the first quarter 2016.
Quarterly Financial Results:
Revenue of $845 million, a decline of 3 percent, excluding the impacts of market exits and currency; a decline of 4 percent on a constant currency basis and a decline of 5 percent as reported. Adjusted EPS of $0.34; GAAP EPS of $0.30 SG&A of $327 million, which includes $12 million of incremental costs for advertising and ERP... More