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Article: Pitney Bowes Announces Third Quarter 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Pitney Bowes Inc. (NYSE:PBI) reported third quarter 2009 financial results.
Revenue for the quarter was $1.36 billion compared with $1.55 billion in the prior year, a decline of 12 percent. A stronger dollar reduced revenue by 2 percent year-over-year. Adjusted earnings per diluted share from continuing operations was $0.55, compared with $0.67 in the prior year. Earnings reflect the negative impacts of $0.01 per diluted share associated with currency and $0.01 per diluted share from incremental pension costs when compared with the prior year.
On a Generally Accepted Accounting Principles (GAAP) basis, earnings per diluted share was $0.50 compared with ...