Pitney Bowes Expects FY24 Revenue Growth To Range Flat To A Low-single Digit Decline And EBIT Margins To Remain Relatively Flat YoY
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes forecasts its FY24 revenue to be flat or experience a low-single digit decline, with EBIT margins expected to stay relatively unchanged year-over-year.
February 01, 2024 | 12:07 pm
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Pitney Bowes anticipates FY24 revenue to range from flat to a low-single digit decrease, with EBIT margins expected to remain relatively stable year-over-year.
The forecast of flat to slightly declining revenue for FY24 suggests a cautious outlook for Pitney Bowes, potentially due to market challenges or internal factors. Stable EBIT margins indicate cost management but may not offset revenue concerns for investors. This outlook could lead to negative sentiment in the short term, impacting the stock price negatively.
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