Pitney Bowes: 2Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Pitney Bowes Inc. (PBI) on Wednesday reported second-quarter earnings of $48.2 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of 26 cents.
The mailing equipment and software company posted revenue of $861.4 million in the period.
Pitney Bowes expects full-year earnings in the range of $1.15 to $1.30 per share.
Pitney Bowes shares have decreased 22 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 percent. The stock has dropped 45 percent in the last 12 months.