Why Pitney Bowes Stock Crashed 16% After Beating Earnings
Good news for Pitney Bowes (NYSE: PBI) shareholders today: Your company just reported a big earnings beat, with pro forma profits of $0.07 per share eclipsing analyst projections for $0.04, and $915 million in sales beating the prediction of $874 million.
Bad news for Pitney Bowes shareholders today: No one seems to care -- and Pitney Bowes stock is down 16.1% as of 11:20 a.m. EDT.
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Source Fool.com
