Pitney-Bowes Q4 adjusted earnings Inline With Estimates

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

The company's bottom line totaled $44.99 million, or $0.24 per share. This compares with $89.95 million, or $0.48 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $947.14 million from $916.41 million last year.

Pitney-Bowes earnings at a glance:

-EPS (Q4): $0.38 vs. $0.32 last year.
-Analysts Estimate: $0.38
-Revenue (Q4): $947.14 Mln vs. $916.41 Mln last year.

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