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Pitney Bowes Earnings Fall Short of Analysts' Forecasts
Updated from 8:46 a.m. ET
| Earnings Scorecard | ||
| Actual | Estimated* | Year-Ago |
| $0.55 | $0.62 | $0.57 |
 | ||
Pitney Bowes (PBI Quote), the postal people who make all sorts of mail-related machinery, announced fourth-quarter earnings of 55 cents a share, whiffing the 62-cent analysts' consensus estimate compiled by First Call/Thomson Financial. The number also falls short of year-ago earnings of 57 cents a share.
The firm also warned of lower results for the first quarter and all of 2001. It now expects first quarter earnings per share to come in between 52 cents and 53 cents, much lower than its previous 60-cent estimate. It also pared its full-year estimate to $2.35 to $2.37 a share, also lower than the $2.69 estimate. ...
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