Pitney Bowes: 3Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Pitney Bowes Inc. (PBI) on Tuesday reported a third-quarter loss of $3.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Stamford, Connecticut-based company said it had a loss of 2 cents. Earnings, adjusted for restructuring costs and to account for discontinued operations, came to 24 cents per share.
The mailing equipment and software company posted revenue of $790.1 million in the period.
Pitney Bowes expects full-year earnings in the range of 65 cents to 75 cents per share.
The company’s shares closed at $4.93. A year ago, they were trading at $8.09.