Benzinga | Oct 30, 2020 07:10AM EDT

Recap: Pitney Bowes Q3 Earnings



Shares of Pitney Bowes (NYSE:PBI) rose 3.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 66.67% year over year to $0.08, which beat the estimate of $0.05.

Revenue of $891,898,000 rose by 12.88% year over year, which beat the estimate of $851,560,000.

Guidance

Pitney Bowes hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $7.67

Company's 52-week low was at $1.67

Price action over last quarter: Up 129.34%

Company Profile

Pitney Bowes is a global technology company that offers e-commerce solutions to its clients. The company provides various products and services such as domestic delivery, return and fulfillment, cross-border shipping solutions, sorting services for large volumes of postal mails, technological solutions to enable digital mailing, shipping, and other services. The company operates through three business segments: global e-commerce, presort services, and SendTech Solutions. The company generates roughly half of its revenue through the SendTech Solutions segment, and most of its revenue is earned in the United States.