PBI - Pitney Bowes Posts Stronger-Than-Expected Q4 Earnings Amid Sales Challenges: Details | Benzinga
Pitney Bowes Inc. (NYSE:PBI) reported a fourth-quarter FY23 sales decline of 4% year-on-year to $871.58 million, beating the analyst consensus of $849.85 million.
The global shipping and mailing company reported an adjusted EPS of $0.07, beating the consensus of $0.02.
The fourth quarter revenue decline was driven by a reduction in meter base, the timing of product lifecycle, and a tough prior year comparison in shipping ...