Pitney Bowes Q3 EPS $0.00 Beats $(0.02) Estimate, Sales $783.75M Miss $790.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes reported Q3 sales of $783.75 million, missing the analyst consensus estimate of $790.45 million by 0.85 percent. This is a 5.68 percent decrease over sales of $830.91 million the same period last year. However, its EPS of $0.00 beat the estimate of $(0.02).
November 02, 2023 | 11:09 am
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Pitney Bowes missed Q3 sales estimates but beat EPS estimates. This mixed result could lead to uncertain market reactions.
Pitney Bowes' Q3 sales missed estimates, which could negatively impact the stock. However, the company beat EPS estimates, which could offset some of the negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100