Yahoo Finance Pitney Bowes First Quarter 2024 Earnings: Beats Expectations
Pitney Bowes (NYSE:PBI) First Quarter 2024 Results
Key Financial Results
Revenue: US$830.5m (flat on 1Q 2023).
Net loss: US$2.89m (loss narrowed by 63% from 1Q 2023).
US$0.016 loss per share (improved from US$0.044 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pitney Bowes Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 50%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.9% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 28% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Pitney Bowes that you should be aware of before investing here.
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