Pitney-Bowes Q2 adjusted earnings Beat Estimates

Pitney-Bowes (PBI) announced earnings for second quarter that decreased from last year.

The company's bottom line came in at $23.70 million, or $0.13 per share. This compares with $51.60 million, or $0.27 per share, in last year's second quarter.

Excluding items, Pitney-Bowes reported adjusted earnings of $37.11 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $860.78 million from $865.24 million last year.

Pitney-Bowes earnings at a glance:

-Earnings (Q2): $37.11 Mln. vs. $52.87 Mln. last year.
-EPS (Q2): $0.21 vs. $0.28 last year.
-Analysts Estimate: $0.17
-Revenue (Q2): $860.78 Mln vs. $865.24 Mln last year.

Full year EPS guidance: $0.90 to $1.05

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