Here are the earnings highlights for Pitney Bowes (PBI):
For the third quarter, Pitney Bowes recorded a loss of $138.47 million, compared to a loss of $12.52 million in the same timeframe the previous year. The earnings per share (EPS) stood at a negative $0.75, compared to a negative $0.07 in the same quarter last year. When adjusting for certain items, Pitney Bowes reported an adjusted EPS of $0.21 for the period, surpassing analysts' expectations of $0.14 per share.
The company's revenue for the third quarter was $499.46 million, a slight decrease from $503.03 million in the corresponding period of the prior year.
