Pitney-Bowes (PBI) Reports In-Line Q2 EPS; Guides In-Line

Pitney-Bowes (NYSE: PBI) reported Q2 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $836 million versus the consensus estimate of $852.46 million.

"The second quarter was a critical period for Pitney Bowes, the progress of our strategic initiatives, and the long-term success of our Company," said Marc B. Lautenbach, President and CEO, Pitney Bowes. "During the quarter, we deployed our new enterprise business platform in the U.S., which is already delivering operational benefits across the Company; launched our Commerce Cloud, which unlocks new value for the small and medium business market and our clients; and signed agreements with several systems integrators to sell our software solutions and other products. Going forward, we remain optimistic about our ability to deliver sustained value for our shareholders, clients and employees in the second half and beyond.”

GUIDANCE:

Pitney-Bowes sees FY2016 EPS of $1.75-$1.82, versus the consensus of $1.78.

For earnings history and earnings-related data on Pitney-Bowes (PBI) click here.

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