Pitney Bowes Q4 Adj. EPS $0.07 Beats $0.02 Estimate, Sales $871.58M Beat $849.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes reported Q4 adjusted EPS of $0.07, surpassing the $0.02 estimate, with sales of $871.58M also beating the $849.85M estimate. This represents a 16.67% increase in EPS and a 4.08% decrease in sales from the same period last year.
February 01, 2024 | 12:05 pm
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Pitney Bowes beats Q4 EPS and sales estimates, showing a significant earnings improvement and a slight sales decline year-over-year.
Beating both EPS and sales estimates significantly, especially by 250% for EPS, indicates strong financial health and operational efficiency. Despite a year-over-year sales decline, the substantial beat on earnings expectations is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100