- 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%.
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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)