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Benzinga
Benzinga
Business
Henry Khederian

Why Pitney Bowes Shares Are Falling

Pitney Bowes NYSE

Pitney Bowes Inc. (NYSE:PBI) shares are trading lower by 18.7% at $5.01 Tuesday morning after the company reported worse-than-expected fourth-quarter EPS results.

Pitney Bowes reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 11 cents per share by 45.45 percent. The company reported quarterly sales of $984.00 million which beat the analyst consensus estimate of $961.63 million by 2%.

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