Pitney Bowes Inc. (NYSE:PBI) shares gained by 12.77%


Dallas, Texas 07/31/2013 (Financialstrend) – For the second quarter of fiscal year 2013, Pitney Bowes Inc. (NYSE:PBI) had reported an earnings per share of $0.52, which was relatively higher than analyst estimates at $0.44 earnings per basic and diluted share. Further the revenues had been reported to be at $1.2 billion against the consensus estimates of the analysts at $1.19 billion. The company had thereby fixed up the earnings per share for the full fiscal year to be at $1.62 to $1.77 per share, relative to the analysts’ estimates at $1.85 per share.

The President and Chief Executive Officer of Pitney Bowes had reported that the company had been making solid progress in its present transformative journey aimed at improving the profitability and growth profile of the business operations. The company had been continuing to invest in wide range of growth areas for the business and all the actions that had been taking up by the company had proved to be highly efficient and focused on meeting out the requirements of the clients effectively.

Pitney Bowes Inc.(NYSE:PBI) had closed for the day on Tuesday with $16.60 per share with a bullish behavior of 12.77% over the previous day’s closing price. The intraday movements of the stock were between a low value of $15.10 to a high value of $17.00 per share. The yearly stock price variations are between the lower value of $10.34 to a higher value of $17.00 per share. The shares held by the investors and the company insider’s account to 201.50 million with an institutional ownership of 91%. The total stock value of the company in the stock market is $3.35 billion. The trading trend of the company for its latest trading day was 21.87 million shares compared to the average trading volume over the month of 5.27 million shares.

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