Pitney Bowes reaffirmed FY2018 guidance

|About: Pitney Bowes Inc. (PBI)|By:, SA News Editor

Pitney Bowes (NYSE:PBI) reports revenue rose 14% on a constant currency basis in Q3.

Equipment sales down 2.5% to $100.94M.

Business services sales up 58.3% to $363.53M.

Segment revenue: Commerce Services: $358M (+59%); Small & medium business solutions: $399M (-4%); Software Solutions: $76M (-19%).

Adjusted EBIT margin declined 250 bps to 11.7%.

FY2018 Guidance: Revenue: +11 to +15% (on a constant currency basis); Adjusted EPS: $1.15 to $1.30; Free cash flow: $300M to $350M.

Previously: Pitney Bowes beats by $0.01, misses on revenue (Nov. 1)

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