Pitney Bowes Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 16.94 million compared to USD 16.13 million a year ago. Revenue was USD 783.75 million compared to USD 830.91 million a year ago. Net loss was USD 12.52 million compared to net income of USD 5.49 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the nine months, sales was USD 51.22 million compared to USD 49.81 million a year ago. Revenue was USD 2,394.77 million compared to USD 2,629.35 million a year ago. Net loss was USD 161.79 million compared to net income of USD 30.64 million a year ago. Basic loss per share from continuing operations was USD 0.92 compared to basic earnings per share from continuing operations of USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.92 compared to diluted earnings per share from continuing operations of USD 0.17 a year ago.