Pitney Bowes Q2 Adj $(0.02) Beats $(0.04) Estimate, Sales $776.48M Miss $809.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes reported Q2 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.04) by 50%. However, the company's quarterly sales of $776.48 million missed the analyst consensus estimate of $809.61 million by 4.09%. This represents a 10.90% decrease in sales compared to the same period last year.
August 04, 2023 | 12:58 pm
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NEUTRAL IMPACT
Pitney Bowes beat EPS estimates but missed on revenue for Q2. This mixed result could lead to uncertainty in the market.
Pitney Bowes' Q2 results were mixed, with EPS beating estimates but revenue falling short. This could lead to uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100