Pitney-Bowes (PBI) Misses Q1 EPS by 1c

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Go back to Pitney-Bowes (PBI) Misses Q1 EPS by 1c

Pitney Bowes Announces First Quarter 2023 Financial Results

May 4, 2023 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 first quarter 2023.

The trends in the first quarter were largely a continuation of the dynamics we experienced last quarter, said Marc B. Lautenbach, President and Chief Executive Officer. Our SendTech and Presort businesses performed as expected. We remain pleased with domestic parcel improvement, network performance and volume growth, although with softer than expected revenue per parcel.

In addition, strong service... More