Pitney Bowes: 2Q Earnings Snapshot

Pitney Bowes: 2Q Earnings Snapshot

Associated Press
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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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBI at https://www.zacks.com/ap/PBI

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