NEW YORK, NY / ACCESSWIRE / August 2, 2017 / Pitney Bowes was one of the worst performers on the NYSE in Tuesday trading after reporting second quarter results that dragged on both the top and bottom line. Shares of The Mosaic Company also tumbled after its second quarter report despite beating expectations.

RDI Initiates Coverage on:

Pitney Bowes Inc.
https://ub.rdinvesting.com/news/?ticker=PBI

The Mosaic Company
https://ub.rdinvesting.com/news/?ticker=MOS

Pitney Bowes Inc. was one of the biggest losers on the NYSE yesterday and closed down 15.44%. The reason for the big drop was a lackluster second quarter earnings report. The American provider of global eCommerce solutions reported earnings of $0.26 per share on sales of $821.4 million. This was below the $0.36 and $822.2 million that the Street was waiting for. Profits for the quarter compared to a year ago were down 7%. CEO Marc B. Lautenbach commented and said the company's "financial performance was indicative of a company going through a transformation." Traders were also less than enthused with the company lowering its guidance. Shares of the stock have dropped nearly 31% since last year and 12% YTD.

Access RDI's Pitney Bowes Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=PBI

The Mosaic Company's shares closed down 5.18% on Tuesday and came just 19 cents shy of its 52-week low during intra-day trading. Volume for the stock was more than double compared to usual yesterday after the company reported its second quarter earnings report. The Minnesota-based company reported net income of $97.3 million for the period, compared to a loss the year before. On a per share basis, net income was 28 cents. EPS, after adjustments for non-recurring costs, was 29 cents per share. This beat the 25 cents that Wall Street had waited for. Revenue at $1.75 billion was also ahead of the $1.65 billion expected by the Street. CEO Joc O'Rourke commented, "Mosaic generated improving results during the second quarter as global demand for potash and phosphates remained strong. We continue to focus on managing our margins, costs, and capital as markets gradually improve." The stock has dropped over 22% YTD.

Access RDI's The Mosaic Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=MOS

Our Actionable Research on Pitney Bowes Inc. (NYSE: PBI) and The Mosaic Company (NYSE: MOS) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com