Company Earnings Update 4 minutesRegister for Free AccessPitney Bowes (NYSE: PBI) 1Q19 Results: Mixed Results, Reduces Guidance Due to Ongoing Execution Challenges Coresight Research May 3, 2019 Executive Summary Pitney Bowes reported 1Q19 revenue of $868.4 million, down 3.1% year over year but ahead of the $866.0 million consensus estimate. Adjusted EPS was $0.12, below the consensus estimate of $0.21. The company’s commerce services segment revenue grew 5%, driven by global e-commerce, which grew 8%. Revenues in the SMB solutions and software services segments declined year over year. The company reduced guidance for revenue growth to 1-3% from 1-4% and for adjusted EPS to $0.90-1.05 from $1.05-1.20. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: August 2024 US Retail Sales Outlook: Mid-Single-Digit Growth Expected Through the Rest of 2024Analyst Corner—High-Tech Healing: Four Ways AI Is Revamping Healthcare, with Madhav PitaliyaUS CPG Sales Tracker: E-Commerce Growth Accelerates, But Not for BeautyWeinswig’s Weekly: There Go Amazon’s Private Labels!
