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Pitney Bowes (PBI) Hits 8-Year High on Upbeat Outlook
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Pitney Bowes Inc. (NYSE:PBI) is one of the 10 Resilient Stocks in a Sea of Uncertainties. Pitney Bowes climbed to an eight-year high on Tuesday, as investors took heart from its upbeat outlook for the year, despite a mixed preliminary earnings performance in the first quarter. In intra-day trading, Pitney Bowes Inc. (NYSE:PBI) climbed to a record high of $14.87 before trimming gains to end the session just up by 10.92 percent at $14.63 apiece. Tuesday also marked a 7th straight day of gains. Photo on Pitney Bowes website In an updated report during the day, the company raised the lower end of its full-year revenue guidance range to $1.8 billion from $1.76 billion previously, while maintaining the upper end at $1.86 billion. Adjusted EBIT outlook is also pegged at $425 million to $465 million from $410 million to $460 million previously. Adjusted EPS is expected at $1.50 to $165, higher than the previous guidance of $1.40 to $1.60. Meanwhile, Pitney Bowes Inc. (NYSE:PBI) announced preliminary results in the first quarter of the year, with the company expecting to report a decline of 3 percent to $477 million from $493 million in the same period a year earlier. Adjusted EBIT was also at $130 million, marking an 8 percent improvement from the $120 million in the same comparable period. Adjusted EPS was expected to grow by 42 percent to $0.47 from $0.33. Official results are scheduled to be released before market open on May 6, 2026. A conference call will be held to elaborate on the results. While we acknowledge the potential of PBI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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