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Pitney Bowes Sees FY20 Adj. EPS $0.60-$0.70 vs $0.65 Est.

The Company expects for full year 2020: Revenue, on a constant currency basis, is expected to be in the range of 1 percent decline to 1.5 percent growth when compared to 2019. Adjusted EPS from

Benzinga · 02/04/2020 12:02

The Company expects for full year 2020:

  • Revenue, on a constant currency basis, is expected to be in the range of 1 percent decline to 1.5 percent growth when compared to 2019.
  • Adjusted EPS from continuing operations to be in the range of $0.60 to $0.70 and reflects double-digit EBIT dollar growth over prior year, which will be offset by an expected higher tax rate as compared to prior year.
  • Free cash flow to be in the range of $140 million to $170 million. Free cash flow also reflects the planned use of cash for growth in third party leasing initiatives.