WASHINGTON (dpa-AFX) - Pitney Bowes Inc. (PBI) reported that its second-quarter net income attributable to the company was $100.94 million or $0.49 per share, up from $61.38 million or $0.30 per share in the same quarter last year.
Adjusted earnings per share from continuing operations for the second quarter was $0.52 compared with $0.48 for the prior year.Analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $1.31 billion from $1.30 billion in the prior year quarter. Four analysts had consensus revenue estimate of $1.32 billion for the quarter.
Looking ahead to the full year 2011, the company reiterated its earnings, on a Comparative Basis, outlook in the range of $2.25 to $2.40 per share, income from continuing operations of $1.80 to $2.10 per share, and adjusted income from continuing operations of $2.15 to $2.35 per share.
The company now expects 2011 revenue, excluding the impacts of currency, to be in a range of minus 2 to positive one percent growth. Revenues, excluding the impacts of currency, were anticipated to be in a range of flat to 3 percent growth for the year.
Analysts expect the company to report earnings of $2.28 per share on revenues of $5.55 billion for fiscal 2011.
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