Pitney Bowes (PBI) stock soared 6.15% in after-hours trading on Wednesday, following the release of its better-than-expected first-quarter earnings report. The shipping and mailing company surprised investors with adjusted earnings per share of $0.33, significantly beating the analyst estimate of $0.27.
While the company's Q1 revenue of $493 million slightly missed the projected $497.90 million, investors appeared to focus on the strong bottom-line performance. Pitney Bowes also reported a free cash flow of $13 million and an adjusted EBIT of $120 million for the quarter, demonstrating solid operational efficiency.
Adding to the positive sentiment, Pitney Bowes reaffirmed its full-year financial guidance, suggesting confidence in its ongoing performance. The company further showed its commitment to shareholder returns by declaring a quarterly cash dividend of $0.07 per share, payable on June 6, 2025, to stockholders of record on May 19, 2025.