Brean Capital Cuts Price Target on Pitney-Bowes (PBI) Following 1Q Miss
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Pitney-Bowes (PBI) Misses Q1 EPS by 7c; Guides In-Line
May 3, 2016 7:15 AM EDTPitney-Bowes (NYSE: PBI) reported Q1 EPS of $0.34, $0.07 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $845 million versus the consensus estimate of $870.62 million.
We continued to make progress during the first quarter as performance improved in several of our businesses and we largely completed the next major milestones in our transformation to deliver greater long-term value, said Marc B. Lautenbach, President and... More
