Pitney Bowes Announces Third Quarter 2019 Financial Results
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Pitney-Bowes (PBI) Tops Q3 EPS by 1c, Revenues beat; Offers FY19 EPS Guidance
November 5, 2019 7:15 AM ESTPitney-Bowes (NYSE: PBI) reported Q3 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $790 million versus the consensus estimate of $768.46 million.
Quarterly Results:
Revenue of $790 million, an increase of 4 percent; an increase of 6 percent when adjusted for both the impact of currency and market exitsGAAP EPS loss of $0.02; Adjusted EPS of $0.24GAAP EPS includes a non-cash $0.16 per share impairment charge related to capitalized software costs incurred in the development of a new enterprise business platform in certain international marketsGAAP cash from operations... More