Post&Parcel--A number of one-off benefits to the Pitney Bowes bottom line has helped improve profitability at the US mail services giant in the third quarter of the year.
But below the surface, actual business activities have slipped, with the company suggesting that continuing media coverage about the decline of the mail industry could be taking an impact on investor confidence going forward.
The company has warned its overall 2011 revenue will likely be worse than previously forecast, and is now predicting a 3% to 4% drop in revenues this year as a whole. Read more!
But below the surface, actual business activities have slipped, with the company suggesting that continuing media coverage about the decline of the mail industry could be taking an impact on investor confidence going forward.
The company has warned its overall 2011 revenue will likely be worse than previously forecast, and is now predicting a 3% to 4% drop in revenues this year as a whole. Read more!
