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Pitney Bowes Inc Lowers FY 2013 Guidance


Tuesday, 30 Jul 2013 07:00am EDT 

Pitney Bowes Inc announced that it now expects fiscal 2013 revenue, excluding the impacts of currency, to be in the range of a 1% decline to 2% growth when compared to fiscal 2012 pro-forma revenue of $3.983 billion, which excludes the revenue of Pitney Bowes Management Services. The Company now expects GAAP earnings per diluted share from continuing operations to be in the range of $1.07 to $1.22. This guidance includes restructuring charges recorded to date of $0.07 per share and excludes any additional actions that may occur as the Company implements plans to further streamline its operations and reduce costs. The guidance includes a goodwill impairment charge of $0.40 per share related to the Management Services business. This guidance also includes $0.08 per share for costs associated with the debt tender in the first quarter. Adjusted earnings per diluted share from continuing operations are now expected to be in the range of $1.62 to $1.77. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $4.811 billion and EPS of $1.85 for fiscal 2013. 

Company Quote

27.24
-0.22 -0.80%
23 Jul 2014