Pitney Bowes beat earnings estimates, though its stock was downgraded by StockNews.com.

Pitney Bowes, a shipping and mailing technology company, reported earnings that beat analysts' estimates, with an EPS of $0.21 and revenue of $499.46 million. Despite a negative net margin and return on equity, the company's stock increased to $7.99. Pitney Bowes also declared a $0.05 per share quarterly dividend. StockNews.com recently downgraded the company's rating from "strong-buy" to "buy."

November 12, 2024
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