Pitney Bowes Tumbles Following Lowering Of Earnings Guidance

Shares of Pitney Bowes Inc

are falling after the company lowered its earnings projections for 2010. PBI’s shares dipped 13.22% to $21.66 at 9:45 am. The company had also reported year-over-year fall in Q2 results. Pitney Bowes’ shares have risen 1.30% over the last week and gained 13.15% so far this year. Read more