Technology solutions provider Pitney Bowes Inc. (PBI) Thursday said third-quarter net income was $132.29 million or $0.65 per share, compared to a loss of $5.53 million or $0.03 per share last year.
Earnings per share from continuing operations advanced to $0.55 from $0.36. Adjusted earnings per share from continuing operations was $0.51, while it totaled $0.47 last year.
On average, four analysts polled by Thomson Reuters expected earnings of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue rose 2 percent to $942 million from $920.5 million in the prior year. Analysts expected revenues of $944.80 million.
Further, the company reaffirmed its annual guidance for revenue growth and free cash flow, and lifted its guidance for adjusted earnings per share from continuing operations.
The firm now expects adjusted earnings per share from continuing operations to be in the range of $1.85 to $1.92, compared to the range of $1.80 to $1.90 previously expected. Analysts expect earnings of $1.86 per share.
The company still expects revenue, excluding the impacts of currency, to be in the range of one to three percent growth when compared to the prior year.
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