Strong rally for Pitney Bowes after profit beat, rosy guidance

Shares of Pitney Bowes (PBI +13.5%) soar after the company bests the Q4 profit estimates of analysts.

Despite overall flat revenue for the quarter, sales from Pitney Bowe's digital business rose at a fast rate.

Guidance from the company for 2014 EPS is set at $1.75-$1.90 which has a mid-point above the consensus estimate of analysts of $1.81.

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    Just think, PBI ended 2012 at $10.41 and ready to be counted out (who buys stamps anymore?)! Today we saw a high of $25.34. Who'da thunk!!!
    30 Jan 2014, 12:11 PM Reply Like
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