Monday, July 30, 2007

Pitney Bowes posts profit, US equipment sales rise

(Reuters) - NEW YORK, July 30 - Pitney Bowes Inc. , the top U.S. supplier of postage meters and mailing machines, reported on Monday a quarterly profit and 11 percent revenue growth on demand sparked by a change in U.S. mail regulations.



The company, whose mailing meters are a fixture in corporate offices, said second-quarter net income was $152.2 million, or 68 cents a share, compared with a net loss of $356.1 million, or $1.59 per share, a year earlier.


Read more at Reuters.com Market News

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