On Monday, Shares of Pitney Bowes Inc. (NYSE:PBI), gained 0.84% to $21.50.
Pitney Bowes, stated financial results for the second quarter 2015.
Quarterly Financial Results:
- Revenue of $881 million, a decline of 4 percent on a constant currency basis and a decline of 8 percent as stated. Revenue declined 3 percent as compared to the preceding year when adjusted for the impacts of currency and the divestiture of certain European revenue streams in the preceding year.
- Adjusted EPS of $0.45; GAAP EPS of $0.75. Adjusted EPS comprises a $0.02 negative impact for currency translation during the quarter.
- Free cash flow of $84 million; GAAP cash from operations of $96 million.
- Established new segment reporting.
- Increasing annual GAAP EPS guidance as a result of the net gain on the sale of Imagitas; partially offset by costs associated with the Borderfree acquisition; restructuring and asset impairment charges; and other expenses.
- Updating revenue guidance to reflect results year-to-date.
- Updating annual adjusted EPS and free cash flow guidance solely to reflect the impacts of the Borderfree acquisition and Imagitas sale.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services.
Shares of CubeSmart (NYSE:CUBE), inclined 0.38% to $26.65, during its last trading session.
CubeSmart, declared that its Board of Trustees declared a quarterly dividend of $0.16 per common share for the period ending September 30, 2015. The dividend is payable on October 15, 2015 to common shareholders of record on October 1, 2015. The Board of Trustees also declared a quarterly dividend of $0.484375 for the 7.75% Series A Cumulative Redeemable Preferred Shares payable on October 15, 2015 to holders of record on October 1, 2015.
CubeSmart is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in ownership, operation, acquisition, and development of self-storage facilities.
At the end of Monday’s trade, Shares of Weingarten Realty Investors (NYSE:WRI), gained 0.68% to $35.36.
Weingarten Realty Investors declared its third quarter 2015 earnings would be released after the market closes on Thursday, October 29, 2015. Senior Management will host a quarterly earnings conference call on Friday, October 30, 2015 at 10:00 a.m. Central Time.
Weingarten Realty Investors is a publically owned equity real estate investment trust. The firm invests in the real estate markets of United States. The firm engages in ownership, administration, acquisition, development, and redevelopment.
Finally, Inphi Corporation (NYSE:IPHI), ended its last trade with 10.67% gain, and closed at $24.99.
Inphi Corporation, declared its participation at IDF 2015 to showcase its latest DDR4 technology that enhances memory speed and capacity for next-generation data centers. IDF will be held on August 18-20, 2015, IDF is located at the Moscone Center West Convention Center in San Francisco, California.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at data speeds while reducing system power consumption.
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