Pitney-Bowes (PBI) Tops Q1 EPS by 4c

Pitney-Bowes (NYSE: PBI) reported Q1 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $831 million versus the consensus estimate of $797.95 million.

Full Year 2024 Guidance:

We are maintaining our guidance and expect revenue growth to range from flat to a low-single digit decline and EBIT margins to remain relatively flat on a year-over-year basis.

We are planning similar levels of capital expenditures in 2024 as in 2023 and expect interest expense and taxes to increase over prior year.

For earnings history and earnings-related data on Pitney-Bowes (PBI) click here.

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