Pitney Bowes (PBI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.39 EPS for the quarter. Analysts had a consensus estimate of $0.39. The company posted revenue of $836.00 million in the period, compared to analysts expectations of $851.83 million. The company’s revenue was down -5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Pitney Bowes opened for trading at $19.14 and hit $19.33 on the upside on Friday, eventually ending the session at $19.31, with a gain of 0.73% or 0.14 points. The heightened volatility saw the trading volume jump to 39,34,415 shares. Company has a market cap of $3,642 M.
In a different news, on Nov 2, 2015, Marc Bradley Lautenbach (CEO) purchased 12,007 shares at $20.81 per share price.
Pitney Bowes Inc. is a provider of technology solutions. The Company offers solutions for direct mail transactional mail customer engagement management and analytics and e-commerce parcel management along with digital channel messaging for the Web e-mail and mobile applications. The Companys business is organized around three sets of solutions: small and medium business (SMB) Solutions enterprise business solutions and digital commerce solutions (DCS). Its Enterprise Business Solutions includes equipment and services to process inbound and outbound mail. Its SMB Solutions provides a range of mailing equipment and postage meters maintenance and support services and supplies. Its DCS provides a range of software solutions customer engagement and communication solutions data management products and solutions e-commerce parcel management solutions and targeted direct marketing programs. Its subsidiaries include The Pitney Bowes Bank (the Bank) and Borderfree Inc.