Pitney Bowes Inc. stock price

Pitney Bowes Inc. latest news:


  • 01/31/2018 05:58:31

    Pitney Bowes shares surge 8% premarket after earnings top estimates

    Shares of Pitney Bowes Inc. , the technology company that's best known for its postage meters and mailing equipment, surged about 8% in premarket trade Wednesday, after the company reported better-than-expected earnings for the fourth quarter and offered upbeat guidance. The company said it had net income of $89.9 million, or 48 cents a share, in the quarter, after a loss of $84.3 million, or 45 cents a share, in the year-earlier period. Adjusted per-share earnings came to 40 cents, ahead of the FactSet consensus of 37 cents. Revenue rose 178% to $1.0 billion, also ahead of the FactSet consensus of $974 million. Digital commerce revenue rose 86%, while enterprise business solutions revenue rose 10%. Small and medium business solutions revenue fell 6%. The company said it now expects full-year EPS of $1.40 to $1.55, compared with a FactSet consensus of $1.42. The company is still exploring strategic alternatives and has not set a deadline or timetable for the process. Shares have fallen 21% in the last 12 months, while the S&P 500 has gained 23%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/11/2018 13:12:54

    BRIEF-Pitney Bowes Received Interest From Blackstone, Carlyle‍​- CNBC, Citing Report‍​

    * PITNEY BOWES HAS RECEIVED INTEREST FROM BLACKSTONE AND CARLYLE‍​- CNBC, CITING A REPORT‍​ Further company coverage:

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