Pitney Bowes, Inc. (NYSE: PBI) reported Q2 EPS of $0.52, $0.08 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.19 billion.
Pitney Bowes, Inc. sees FY2013 EPS of $1.62-$1.77, versus the consensus of $1.85.
"Pitney Bowes is making solid progress on its transformative journey to improve the growth profile and profitability of the business," said Marc Lautenbach, President and Chief Executive Officer. "The actions we have taken over the last six months and the results for this quarter are consistent with the Company’s long-term strategies that we detailed at Analyst Day in May.
"We are continuing to invest in the growth areas of our business, while at the same time becoming more efficient, flexible and focused to meet the changing needs of our clients. In addition, we have strengthened our balance sheet by further reducing debt and continue to drive operational excellence that will further enhance client and shareholder value."
"...sees FY2013 EPS of $1.62-$1.77, versus the consensus of $1.85."
Guiding lower provides opportunity to surprise future earnings. Why ? Because now everyone is expecting PBI to perform below the $1.85 consensus. PBI merely has to outperform Mr. Lautenbach's lower guidance....