Company Earnings Update 5 minutesRegister for Free AccessPitney Bowes (NYSE: PBI) 2Q19 Results: Mixed Results, Strong Growth in Global E-Commerce, 2019 and Long-Term Targets Remain on Track Coresight Research August 7, 2019 Executive Summary Pitney Bowes reported 2Q19 revenue of $860.8 million, down 0.5% year over year and slightly below the $861.7 million consensus estimate. Adjusted EPS was $0.21, beating the consensus estimate of $0.17. Commerce services revenue grew 13%, driven by global e-commerce, which grew 18%. Revenues in the SMB solutions and software services segments declined 8% year over year. The company reaffirmed guidance for revenue growth of 1-3% and for adjusted EPS of $0.90-$1.05. 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: US Apparel and Footwear—Retail 2024 Sector Outlook: While Resilience Remains, E-Commerce Continues To Cede Share to Physical StoresRising Above the Competition: Playbook for Emerging Brands To Succeed in a Crowded MarketCarrefour To Acquire Cora and Match Banners in $1.2 Billion DealInsights Video: Retail Shrink and Loss-Prevention Methods
