Pitney Bowes Inc. (PBI) is one of the largest providers of mail processing equipment and integrated mail solutions across the world. It offers a full suite of equipment, supplies, software and services for end-to-end mainstream solutions, which enables its customers to optimize the flow of physical and electronic mail, documents and packages across their operations.
PBI has been benefiting from the strong performance of the Digital Commerce Solutions segment. In the last four trailing quarters, PBI has reported a positive average earnings surprise of 10.9%.
Currently, PBI has a Zacks Rank#3 (Hold) but that could change following its fourth quarter and full year 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted earnings per share for the fourth quarter of 51 cents came in line with the Zacks Consensus Estimate.
Revenue: Revenues came in at $984 million, which decreased 3% on year over year basis.
Key Stats: Digital Commerce Solutions segment revenue benefited the results. However, Enterprise Business Solutions and Small and Medium Business Solutions groups remained the headwinds.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
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