Why Pitney Bowes Stock Popped 15% Today

Shares of postal solutions provider Pitney Bowes (NYSE: PBI) -- down 56% over the past 12 months -- reversed course abruptly this morning after the company reported fiscal second-quarter 2019 earnings.

Expected to earn $0.17 per share on sales of $861.6 million, Pitney instead reported a $0.21 per-share "adjusted" profit for the quarter.  

Pitney Bowes stock is now up 15.2% as of 12:40 p.m. EDT in response.

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