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Pitney Bowes (PBI Quote) raised its earnings forecast for the full year and said its first-quarter revenue rose 7% from the same period in 2005.
Revenue totaled $1.40 billion, up from $1.32 billion last year. The maker of postage equipment and electronic-mail systems said Monday that it earned $153.5 million, or 67 cents a share, in the quarter. Pitney Bowes earned $145.3 million and 62 cents a share in the prior year.
Excluding items, the company's earnings would have been 69 cents a share in the latest quarter and 61 cents last year. Analysts were calling for 63 cents in the first quarter. ...
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