Sees Opportunity to Significantly Reduce Leverage Ratio, Achieve ~3x EV / EBITDA Multiple and Nearly Double Pitney Bowes' Share Price by Divesting the Company's Money-Losing GEC BusinessBelieves the Board Must Explore
Pitney Bowes reports Q4 sales decline, beating estimates, with adjusted EPS of $0.07; outlook projects flat to low-single-digit revenue decline for FY24.
Companies Reporting Before The Bell
• ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter.
• Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion.