Brean Capital Reiterates Buy on Pitney Bowes (PBI) Following Earnings Report and Sell Off
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Pitney Bowes Announces Third Quarter 2016 Financial Results
November 1, 2016 7:01 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 third quarter 2016.
Quarterly Financial Results:
Revenue of $839 million, a decline of 4 percent; a decline of 2 percent when adjusted for the impact of currency and market exits. GAAP EPS of $0.35; Adjusted EPS of $0.44. GAAP cash from operations of $137 million; free cash flow of $119 million. Issued $600 million of 5... MorePitney Bowes and RCG Global Services Join Forces to Deliver Fraud Detection Services
October 31, 2016 8:00 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes (NYSE: PBI), a global technology company that provides innovative products and solutions to power commerce, announced a new alliance with RCG Global Services®, a global provider of data and analytics and business applications. The two companies will combine their strengths in data and technology to offer financial crimes and compliance solutions for financial institutions.
With fraud often as a precursor to money-laundering activities, it is imperative that banks have trustworthy and accurate information on their customers. As a result of many on-premise legacy systems and... More
