WASHINGTON (dpa-AFX) - Pitney-Bowes (PBI) released a profit for second quarter that decreased compared to the same period last year.
The company said its bottom line fell to $77.14 million, or $0.39 per share. This was down from $95.26 million, or $0.45 per share, in last year's second quarter.
Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 5.1% to $835.89 million. This was down from $880.89 million last year.
Pitney-Bowes earnings at a glance:
-Earnings (Q2): $77.14 Mln. vs. $95.26 Mln. last year. -Earnings Decline (Y-o-Y): -19.0% -EPS (Q2): $0.39 vs. $0.45 last year. -EPS Decline (Y-o-Y): -13.3% -Analysts Estimate: $0.39 -Revenue (Q2): $835.89 Mln vs. $880.89 Mln last year. -Revenue Change (Y-o-Y): -5.1%
-Guidance: Full year EPS guidance: $1.75 - $1.82
Copyright RTT News/dpa-AFX
© 2016 AFX News
