Pitney Bowes Inc. PBI is one of the largest providers of mail processing equipment and integrated mail solutions across the world. It offers a full suite of equipment, supplies, software and services for end-to-end mainstream solutions, which enables its customers to optimize the flow of physical and electronic mail, documents and packages across their operations.Pitney Bowes’ steady transformation process over the past three years to create long-term flexibility for investment reinstates hope. In this regard, the company’s decision to exit low-margin countries like Mexico, South Africa and five markets in Asia looks encouraging. The company’s Digital Commerce Solutions (“DCS”) remains one of its major strengths and has been driving the company’s performance over the past few quarters.However, an uncertain global economic environment has proved to be a significant drag on the company’s top-line performance for the past few quarters. Moreover, rising operating and marketing expenses is also adding to the company’s woes. While the previously planned ERP implementation in the U.S. is expected to raise operating expenses, aggressive advertising and marketing strategies are likely to increase marketing expenses. These rising expenditure are likely to pressurize the company’s financials in the short-run.In the last four trailing quarters, PBI has reported an average negative surprise of 2.2%.Currently, PBI has a Zacks Rank#4 (Sell) but that could change following its first-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below.Earnings: For the first-quarter 2016, adjusted earnings per share of 34 cents missed the Zacks Consensus Estimate of 41 cents.Revenues: Revenues came in at $844.6 million, which decreased 4% on a constant currency basis year over year.Key Stats: During the first quarter of 2016, the company paid $36 million in dividends and repurchased 6.8 million shares for $128 million.Stock Price: Shares prices did not show any movement in the pre-market trading session. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PITNEY BOWES IN (PBI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research