Pitney Bowes Inc. (NYSE:PBI) reported first-quarter earnings-per-share results that were roughly in line with analysts’ expectations, as well as a 15% year-over-year revenue increase fueled entirely by a 41% surge in its global e-commerce business. However, analysts weren’t impressed, sending Pitney Bowes’ already beaten-down shares dropping by another 15%.
The Stamford, Connecticut-based company posted adjusted EPS of 5 cents a share, which included a 2-cents-per-share tax benefit associated...
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