Monday, April 30, 2007

UPDATE 1-Pitney Bowes posts lower first-quarter profit

(Reuters) - Pitney, whose postage meters and document management machines, are a staple in corporate offices, posted first-quarter net income of $144.8 million, or 65 cents, compared with $153.5 million, or 67 cents a share, a year earlier.

Earnings from continuing operations were 66 cents a share. Analysts on average had expected a profit of 67 cents per share, according to Reuters Estimates.


Read more at Reuters.com Market News

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