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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.