Shares of Pitney Bowes (NYSE: PBI) were bowing to the pressure of a disappointing earnings release this morning. (Yes, again.) After the postal services company reported adjusted earnings of $0.33 per share (Wall Street had anticipated $0.42) despite expectation-beating revenue in the fiscal third quarter, its shares were trading down 17.8% as of 11:50 a.m. EDT.
Pitney Bowes stock is blowing up today — in a bad way. Image source: Getty Images.