Pitney Bowes Inc. (PBI) reported third quarter GAAP earnings of $103.2 million or $0.50 per share, compared to $98.2 million or $0.47 per share in the prior year period. GAAP earnings per share for the quarter included a $0.01 loss associated with discontinued operations and a $0.04 charge for restructuring costs associated with our strategic transformation initiatives.
Adjusted earnings per share from continuing operations for the quarter was $114.1 million or $0.55 per share, compared to $139.4 million or $0.67 per share in last year period.
On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter was $1.36 billion, compared to $1.55 billion in the prior year period. Five Wall Street analysts expected revenues of $1.41 billion.
Looking forward, for the fiscal year 2009, the company expects GAAP earnings per share from continuing operations in the range of $2.09 to $2.21. The adjusted earnings per share range is now $2.19 to $2.31. Revenue for the year is now expected to decline by 5% to 8% on a constant currency basis and 8% to 11% on a reported basis.
The company previously expected GAAP earnings per share from continuing operations in the range of $2.09 to $2.29 and adjusted earnings per share from continuing operations in the range of $2.15 to $2.35. Revenue was estimated to decline in the range of 4% to 7% on a constant currency basis. On a reported basis, the company expected revenue to decline in the range of 7% to 10%.
Street analysts expect earnings of $2.24 per share for the full-year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.