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: July 2023 US Housing Market Indicators: Third Consecutive Month of Strong Sales Growth for New HomesThe AI Summit New York 2023: Reaping Benefits, Building Trust and Pushing the BoundariesMarket Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative ModelsEarnings Insights 3Q23, Week 4: Alibaba, Walmart and More Report Positive Sales Growth; Gap, Macy’s and Others See Sales Decline
