Why Pitney Bowes (PBI) Shares Are Falling Today – Pitney Bowes (NYSE:PBI)
Pitney Bowes Inc PBI reported a first-quarter FY23 sales decline of 10% year-on-year to $834.54 million, missing the analyst consensus of $864.65 million. The global shipping and mailing company reported an adjusted $(0.01) loss, missing the consensus of $0.00. Softer-than-expected revenue per parcel, coupled with cross-border headwinds, dragged quarterly performance. Global Ecommerce revenue … Continue reading Why Pitney Bowes (PBI) Shares Are Falling Today – Pitney Bowes (NYSE:PBI)