Pitney Bowes Reports Q4 Loss, Provides Earnings Guidance
Pitney Bowes Inc. (PBI) announced a net loss of $37.4 million for its fourth fiscal quarter, ending December 31, 2023. This translates to a loss per share of $0.21.
Adjusted for non-recurring items, the company reported earnings of $0.32 per share. Revenue for the quarter reached $516.1 million.
For the full fiscal year, Pitney Bowes reported a net loss of $203.6 million or $1.12 per share. Annual revenue totaled $2.03 billion.
Looking ahead, the company anticipates full-year earnings for fiscal 2024 to be within the range of $1.10 to $1.30 per share. Expected revenue is projected to fall between $1.95 billion and $2 billion.