Shares of Pitney Bowes Inc. (NYSE: PBI) tumbled about 17% by midday trade after the mail and document services provider handed lower-than-expected fiscal first quarter earnings and slashed its dividend. For the first quarter, Pitney Bowes reported adjusted earnings of 42 cents a share, missing analysts’ consensus estimate by 2 cents a share. The quarterly revenue was slashed to 18.75 cents a share from 37.5 cents a share, in the year earlier quarter.
Continue reading Major Movers on April 30; PBI, AET, BWLD, HLF, HOT