WASHINGTON (dpa-AFX) - Technology solutions provider Pitney Bowes Inc. (PBI) Wednesday reported second-quarter net income attributable to the company of $94.27 million or $0.46 per share, compared to a loss of $9.23 million or $0.05 per share in the prior year.
The company posted earnings from continuing operations of $0.43 per share, up from $0.39 per share in the same quarter last year.
Adjusted earnings per share from continuing operations for the recent quarter were $0.46, compared with $0.46 in the prior year.
On average, five analysts polled by Thomson Reuters expected the company to earn $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue rose 1 percent to $958.45 million from $950.66 million a year earlier. Analysts estimated revenues of $955.73 million for the quarter.
Total costs and expenses were $819.97 million, lower than $841.83 million last year.
The company increased its 2014 guidance for revenue growth and adjusted earnings per share from continuing operations, and narrowed the range for GAAP earnings per share from continuing operations.
For full year 2014, the company now expects GAAP earnings per share from continuing operations to be in the range of $1.55 to $1.65, compared to the prior outlook of $1.53 to $1.68 per share.
The firm sees adjusted earnings per share from continuing operations to be in the range of $1.80 to $1.90, up from the prior guidance range of $1.75 to $1.90 per share.
Revenues for the year are expected to grow in the range of 1 to 3 percent compared to the prior year. Earlier, the firm forecast 1 percent decline to two percent growth range. Analysts are looking for earnings of $1.85 per share, on revenues of $3.85 billion for the year.
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