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: April 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain NegativeConsumers Report Financial Confidence Ahead of the Holiday Peak: US Consumer Survey Insights 2023, Week 51US Consumer Tracker: Presidents’ Day Shopping and Super Bowl Ad RecallWeekly US and UK Store Openings and Closures Tracker 2024, Week 12: Burlington Stores To Open 140 US Stores