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 deploys AmbiSort B-Series solution for middle-mile operations, improving productivity and worker safety.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
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Rhea-AI Summary
Pitney Bowes appoints Jason Dies as interim CEO, forming a Long-Term Planning Committee to search for a permanent successor. Dies will focus on cost optimization and restructuring efforts while identifying opportunities for performance improvement. Marc Lautenbach steps down as President and CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.56%
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-
Rhea-AI Summary
Consumers plan to buy online more or the same as last year, with 32% planning to shop online more, 48% planning to spend the same, and only 20% planning to spend less. Online sales are up more than 7% versus 2022. Gen Z and Millennials are less likely to curtail online spending. Retailer earnings from Q2 saw mid-priced and discount brands reporting stellar results. 39% of consumers agree it has become harder to qualify for free shipping, and 42% expect it to be harder this holiday season. Retailers face challenges with carrier cost structures, customer tracking, returns fraud, and cross-border shipping. Visit www.pitneybowes.com/boxpoll for more guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
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Rhea-AI Summary
Pitney Bowes announces study on campus parcel management and smart locker solutions. 54% of students reported package issues. Modern technology important to students. Interest in smart lockers for flexible package pickup. Smart lockers address demand for safe and secure parcel management. Contactless delivery and 24/7 self-service access offered. Poll conducted among 2259 US Adults.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.58%
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Rhea-AI Summary
Pitney Bowes to showcase shipping and mailing solutions at Parcel Forum 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
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Rhea-AI Summary
Bradley L. Radoff urges Pitney Bowes to take immediate action to address issues with Global Ecommerce (GEC) and reduce corporate overhead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
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News
Rhea-AI Summary
Pitney Bowes encourages Stamps.com customers to switch to PitneyShip, offering a 30-day free trial with a chance to win one of five $10,000 cash gifts. PitneyShip is priced 25% less than Stamps.com and provides superior shipping label and stamp printing at discounted prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
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Rhea-AI Summary
Global parcel volume grew only 1 percent due to unprecedented slowdown in China, while carrier revenue declined 1 percent. Pitney Bowes Inc. released their Global Parcel Shipping Index, revealing that global parcel volume reached 161 billion in '22, with China experiencing the slowest growth in its history. The Index estimates parcel volume will reach 225 billion by 2028, with a 6% CAGR '23-'28.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10%
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Rhea-AI Summary
Pitney Bowes (PBI) announced its Q2 2023 financial results, revealing a 11% decrease in revenue to $776 million. The GAAP EPS was a loss of $0.81, and Adjusted EPS was a loss of $0.02. The company processed 50 million domestic parcels, with Presort growing Adjusted Segment EBIT by 59% and Adjusted Segment EBIT margins by 500 basis points. SendTech shipping-related revenues increased 14% year-over-year. Pitney Bowes expects full-year revenue to be on the lower end of the guidance, with relatively flat growth on a comparable basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10%
Tags
Pitney Bowes Inc.
NYSE:PBI
PBI Rankings
PBI Stock Data
906.90M
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.