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Pitney Bowes Inc., Stamford, Conn., reported financial results for the third quarter 2013.
HIGHLIGHTS
Results for the quarter:
- Revenue of $939 million, which is a decline of 1 percent versus the prior year.
- Digital Commerce Solutions revenue grew 9 percent on a reported basis and 10 percent on a constant currency basis.
- Adjusted EPS from continuing operations of $0.49 per share.
- GAAP EPS from continuing operations of $0.38 per share; GAAP net loss of $0.03 per share.
- Free cash flow of $208 million for the quarter and $440 million year-to-date.
- GAAP cash from operations of $215 million for the quarter and $494 million year-to-date.
- Adjusted EBIT grew by 3.4 percent and EBIT margin improved by 0.8 percent versus prior year.
- Established revised segment reporting.
- Company reaffirms revenue and cash flow guidance; updates GAAP EPS from continuing operations and Adjusted EPS guidance.
Announcements:
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- Companies:
- Pitney Bowes
- Places:
- North America
- Stamford, Conn.
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