Pitney-Bowes Bottom Line Falls In Q4

Pitney-Bowes (PBI) revealed a profit for fourth quarter that dropped from last year.

The company said its bottom line totaled $75.33 million, or $0.40 per share. This was lower than $99.79 million, or $0.53 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.4% to $1.05 billion. This was up from $887.07 million last year.

Pitney-Bowes earnings at a glance:

-Earnings (Q4): $75.33 Mln. vs. $99.79 Mln. last year.
-Earnings Decline (Y-o-Y): -24.5%
-EPS (Q4): $0.40 vs. $0.53 last year.
-EPS Decline (Y-o-Y): -24.5%
-Analysts Estimate: $0.37
-Revenue (Q4): $1.05 Bln vs. $887.07 Mln last year.
-Revenue Change (Y-o-Y): 18.4%

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