Pitney Bowes Announces First Quarter 2016 Financial Results
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Brean Capital Cuts Price Target on Pitney-Bowes (PBI) Following 1Q Miss
May 4, 2016 9:57 AM EDTBrean Capital maintained a Buy rating on Pitney Bowes (NYSE: PBI), and cut the price target to $24.00 (from $25.00), following the company's 1Q earnings report. PBI reported revenue and EPS of $845M and $0.34, missing the Street's estimates of $870M and $0.40. The Company expects an incremental marketing expense in the Jun Q of ~$0.03. Additionally, Jun Q... More
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
