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Pitney Bowes Inc. - $PBI STOCK NEWS

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
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10%
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dividends
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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%
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Rhea-AI Summary
Pitney Bowes (PBI) expands regional delivery service models to over 20 major cities in the Southeast and Southwest United States, offering 1-3 day delivery in select markets. The company leverages its Designed Delivery Platform for ecommerce shippers, including highly automated sort centers and best-in-class technology, to reach an additional 100 million consumers within 1-3 days in select zip codes.
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End-of-Day
-2.54%
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Rhea-AI Sentiment
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1.51%
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management
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Rhea-AI Summary
Pitney Bowes has been chosen by the US Navy to support its package distribution transformation by using Pitney Bowes ParcelPoint™ Smart Lockers. The Department of Navy has awarded Pitney Bowes a $7.4 million contract for the use of their FedRAMP solutions that includes intelligent lockers to assist in package distribution worldwide. The integration of smart lockers gives sailors access to a free and secure mailbox 24/7 and removes the guesswork of tracking with a fully automated system that alerts via e-mail when a package is ready for pick-up.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
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Rhea-AI Impact
Rhea-AI Sentiment
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5.67%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.67%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
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management
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.89%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.89%
Tags
dividends
Pitney Bowes Inc.

NYSE:PBI

PBI Rankings

PBI Stock Data

869.33M
153.48M
4.1%
70.35%
5.64%
Commercial Photography
Professional, Scientific, and Technical Services
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United States of America
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