Business Equipment's Key Players -- Recap Before the Upcoming Earnings Releases
April 15 2010 - 8:34AM
Marketwired
www.rothmanresearch.com - The U.S. economy is slowly moving back on
track after what many describe as the worst financial calamity
since the end of the Second World War... that's 65 years ago. The
impact of the recession was felt globally, and many countries like
the U.S. are still finding recovery a paraplegic battle. There are
still hidden fears that 2010 could not be the end of the recession.
Whilst all the sectors have taken their share of beating, some more
than others, a few key players in the business equipment industry
kick-started the year on a positive financial note.
Xerox Corp. (NYSE: XRX) in late January delivered
unyielding operational results citing their cost-cutting
strategies. The company, however, saw a 3% decline in its 4th
quarter revenue as compared to the same quarter in 2008.
*Direct & free downloadable report on Xerox
Corp. is available by signing up now at
http://www.rothmanresearch.com/article/xrx/23431/Apr-15-2010.html
"Xerox is expected to announce its 2010 1st quarter earnings
release on April 23rd. I believe that we might see some mild
improvement as the company has done a great work on the
restructuring front which already proved crucial in its last
quarter readings. The economy is still recovering an inch at a
time, so we are not expecting revenue to be any better, but in a
$100 billion market, Xerox is already benefitting from a leadership
role in a number of its niche markets," commented Mathew Collier of
www.rothmanresearch.com. "Like many investors out there I remain
neutral on this play."
Another prominent player in this sphere that made the headlines
early this year is Pitney Bowes Inc. (NYSE:
PBI) when it released its fourth quarter and full year results for
2009 with a 33% surge in profits. Sales, however, were down. "In
challenging economic environments what makes a difference are cost
management and efficient-productivity. Pitney saw a 6% drop in
revenue but has been able to weather the worst by lowering
expenses," Mathew Collier observed. "Additionally, the company
recently maintained its quarterly cash dividend of 36.5 cents on
its common stock. We believe PBI will execute in line with the
benchmark, hence, we are taking a neutral stance on this stock at
this time."
*Complimentary downloadable research on Pitney
Bowes Inc. is accessible upon registration at
http://www.rothmanresearch.com/article/pbi/23432/Apr-15-2010.html
Pitney Bowes is due to report its 1st quarter earnings for 2010
on May 3rd.
* www.rothmanresearch.com is a source for investors seeking free
information on the business equipment industry; investors are
encouraged to sign up for free at
http://www.rothmanresearch.com/index.php?id=6&name=Register.
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For More Information Contact: Mathew Collier
info@rothmanresearch.com
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