Pitney Bowes (PBI) reported earnings on Tue 1 Aug 2017 (b/o)

** charts after earnings **

 

Pitney Bowes misses by $0.03, reports revs in-line; guides FY17 EPS in-line:

• Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $0.36; revenues fell 1.7% year/year to $821.4 mln vs the $822.9 mln Capital IQ Consensus.
• Co issues narrows guidance for FY17, sees EPS of $1.70-1.78 from $1.70-1.85 vs. $1.74 Capital IQ Consensus Estimate.
• Revenue, on a constant currency basis, to be in the range of flat to 1 percent growth, when compared to 2016. This has been updated from the original range of a 2 percent decline to 1 percent growth. Free cash flow to be in the range of $400 million to $430 million. This has been updated from the original range of $400 million to $460 million.