From RTTNews:

Pitney Bowes reported a net loss of $223.8 million in the fourth quarter, compared to a profit of $6.3 million in the prior year. Loss per share was $1.27, including a goodwill impairment charge and restructuring charges. Revenue for the quarter was $872 million, a 4 percent decrease from the prior year. The company expects revenue growth for 2024 to range from flat to a low-single digit decline, with EBIT margins remaining relatively flat. The Board has declared a quarterly cash dividend of $0.05 per share, to be paid on March 14, 2024 to stockholders of record on February 9, 2024. Shares of Pitney Bowes are up 5% in pre-market trade on Thursday.



Read more: Pitney Bowes Q4 Profit Tops Estimates