Pitney-Bowes (PBI) Misses Q2 EPS by 2c

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Go back to Pitney-Bowes (PBI) Misses Q2 EPS by 2c

Pitney Bowes Announces Second Quarter 2022 Financial Results

July 28, 2022 7:00 AM EDT

STAMFORD, Conn,--(BUSINESS WIRE)-- Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced its financial results for the second quarter 2022.

While there were some very positive aspects to our second quarter, our financial results were below our expectations, said Marc B. Lautenbach, President and CEO, Pitney Bowes. In Global Ecommerce, we were not able to overcome macroeconomic headwinds, including the strength of the US dollar and the COVID shutdown in China, which caused a reduction in some of our package volumes.... More