Page 19 - Pitney Bowe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Good news for Pitney Bowes (NYSE:PBI) shareholders today: Your company just reported a big earnings beat, with pro forma profits of $0.07 per share eclipsing analyst projections for $0.04, and $915 million in sales beating the prediction of $874 million. Bad news for Pitney Bowes shareholders today: No one seems to care -- and Pitney Bowes stock is down 16.1% as of 11:20 a.m. EDT.   Image source: Getty Images. So what Why are investors reacting so negatively to Pitney Bowes' first-quarter 2021 earnings beat? Well, consider the numbers. On the one hand, yes, Pitney performed better than expe...

  Non-investment grade credit had a mixed month with lower quality outperforming the higher quality segments of the markets. Overall, the senior floating rate loan market was flat on the month with private debt and global high yield seeing better returns. CLO debt had a strong start to the year with a meaningful rally in January, but the balance of the quarter was roughly flat, as gains in February were offset by modest weakness in the CLO market in March, largely driven by the record primary market activity that accelerated mid-quarter.   The yield curve continued t...

How the mainframe became a surprising platform for innovation SHARE Some people believe the mainframe is obsolete – an ancient relic of 1960s computing. For others, it serves an important role as long as it sticks to its knitting, handling core transaction processing for banks and other large enterprises. Take a closer look, however, and you’ll see the mainframe is an active platform for innovation, both by the vendors that develop its software and for mainframe customers that are finding a role for Big Iron in their cloud-native plans for innovation. Mainframe i...

Author Bio Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma What happened Pitney Bowes (NYSE:PBI) shareholders outperformed the market by a wide margin last month. Shares soared 51% in January compared to a 1% downtick in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally added to significant short-term gains for the parcel delivery specialist, whose stock was up over 50% in 2020. Image source: Getty Images. So what Last month's spike came as investors were gearin...

Share: E-commerce and parcel solutions provider Pitney Bowes (NYSE: PBI) Tuesday reported consolidated revenue exceeded $1 billion for the fourth quarter of 2020, a 24% year-over-year increase. "Revenue growth was the highest modern-day, organic growth rate on record for us," Marc B. Lautenbach, president and CEO at Pitney Bowes, said in a statement.  Earnings per share did dip to 13 cents in the fourth quarter from 14 cents per share in Q4 of 2019. Global e-commerce for Pitney Bowes in the fourth quarter of 2020 was reported at $518 million, 60% higher year-over-year than the $324 million ...