Welcome to our dedicated page for Pitney Bowes news (Ticker: $PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pitney Bowes's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pitney Bowes's position in the market.
Rhea-AI Summary
Pitney Bowes (NYSE: PBI) announced its financial results for Q4 and full year 2023. Revenue for Q4 was $872 million, a 4% decrease, with a GAAP EPS loss of $1.27. Full year revenue was $3.3 billion, an 8% decrease, with a GAAP EPS loss of $2.20. The company reduced total debt by $59 million and refinanced its 2024 notes. SendTech and Presort segments saw revenue declines, while Global Ecommerce experienced strong volumes during peak. The company expects flat to low-single digit revenue decline in 2024.
Rhea-AI Impact
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End-of-Day
0.97%
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Pitney Bowes (PBI) announces launch of returns drop-off network with PackageHub, offering no-box and no-label returns at nearly 1,000 locations across the US at no additional cost. Hundreds more locations expected in the coming months, benefiting retailers and consumers. The network is expected to reduce exceptions during processing, fraud, and increase consumer convenience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.6%
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Rhea-AI Summary
Pitney Bowes (NYSE:PBI) has earned a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, showcasing its commitment to LGBTQ+ workplace equality. The company's efforts in satisfying all the CEI’s criteria earned it the designation as recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion.
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Rhea-AI Sentiment
End-of-Day
-2.18%
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ReverseLogix (RLOG) Announces Partnership with Pitney Bowes to Streamline Return Shipping Services, Lower Costs, and Reduce Waste
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Rhea-AI Sentiment
End-of-Day
5.36%
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Funding Circle (LSE: FCH): Customers Bank to Expand Digital SMB Lending with Funding Circle's LaaS Platform
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End-of-Day
-2.73%
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News
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Pitney Bowes (NYSE:PBI) strengthens domestic parcels network and service with new automated ecommerce hubs, robotics solutions, and expanded regional delivery service, leveraging emerging technologies to meet growing client demand for faster, more efficient delivery and returns services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
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Funding Circle announces the appointment of Kaustubh Joshi as Head of Embedded Finance & Partnerships for the U.S. business. Joshi will be responsible for attracting more small businesses through the company's embedded platform and strategic partnerships. Funding Circle has been granted a license by the U.S. Small Business Administration to originate SBA 7(a) loans up to $5 million nationwide.
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Rhea-AI Sentiment
End-of-Day
-3.41%
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Pitney Bowes Inc. (NYSE:PBI) has declared a quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on December 6, 2023, to stockholders of record on November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.55%
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Rhea-AI Summary
Pitney Bowes announced its Q3 2023 financial results, reporting a decrease in revenue of 6% on a reported basis and 1% on a comparable basis. The SendTech and Presort segments showed profit growth and margin expansion, while the Global Ecommerce segment did not meet financial expectations. The company is increasing its 2024 annualized cost savings by an additional $40 million, bringing the total to approximately $115 million. Cash and short-term investments were $579 million at quarter-end. Pitney Bowes is ahead of schedule on its restructuring plan and is targeting $75 to $85 million in annual savings by the end of 2024.
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Rhea-AI Sentiment
End-of-Day
25.55%
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Rhea-AI Summary
Pitney Bowes deploys AmbiSort B-Series solution for middle-mile operations, improving productivity and worker safety.
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Rhea-AI Sentiment
End-of-Day
1.64%
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Pitney Bowes Inc.
NYSE:PBI
PBI Rankings
PBI Stock Data
936.31M
153.48M
4.1%
70.35%
5.64%
Commercial Photography
Professional, Scientific, and Technical Services
United States of America
STAMFORD
About PBI
pitney bowes is a global technology company crafting innovative products and solutions that help clients “get it right” in the complex world of commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global ecommerce. founded in 1920, pitney bowes operates around the world, delivering accuracy and precision to more than 1.5 million clients. helping clients achieve their greatest digital and physical commerce potential are pitney bowes' 15,000+ passionate employees around the world who craft commerce solutions with pride, maintain a relentless pursuit of innovation with over 2,300 active patents, and focus on clients, who are at the center of all that we do - from 90% of the fortune 500, more than 200 retailers and 1.5 million small businesses.