Pitney Bowes Inc. (PBI) reported earnings per diluted share from continuing operations of 55 cents, compared with 67 cents in the prior year. This was higher than the Zacks Consensus Estimate of 54 cents. Earnings reflect the negative impacts of 1 cent per diluted share associated with currency and 1 cent per diluted share from incremental pension costs when compared with the prior year. Revenue for the quarter was $1.36 billion compared with $1.55 billion in the prior year, a decline of 12%. A stronger dollar reduced revenue by 2% year-over-year. The sustained nature of the recessionary environment is also driving some fundamental changes in the way businesses and customers connect, communicate and complete transactions in the global marketplace. Companies in most industries still have limited visibility and uncertain outlooks resulting in rising unemployment and ongoing caution about capital expenditures. These factors have ...

DrStockPick.com Stock Report!

Friday September 11, 2009

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How Cummins Inc. (NYSE:CMI) and its Chinese customers cooperate in developing and using clean power was highlighted this week during a visit from Indiana Gov. Mitch Daniels, who is leading an Indiana delegation on a six-day visit to China. The governor was joined by representatives from the Zhejiang provincial government, technical officer of Hangzhou Public Transit Group (HZPT) and Steve Chapman, Group Vice President of Cummins.

Genzyme Corporation (Nasdaq: GENZ) reported today that four-year follow-up data from its completed Phase 2 multiple sclerosis (MS) trial continued to show durable reductions in relapse rate and sustained

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Acuity Brands Inc (AYI) Administaff Inc (ASF) Advanta Corp (ADVNB) Aetna Inc (AET) American International Group Inc (AIG) Ametek Inc (AME) Belden Inc (BDC) Conmed Corp (CNMD) Developers Diversified Realty Corp (DDR) Dun & Bradstreet Corp (DNB) Exterran Holdings Inc (EXH) Flir Systems Inc (FLIR) FMC Corp (FMC) Gardner Denver Inc (GDI) Granite Construction Inc (GVA) The Hain Celestial Group Inc (HAIN) Harsco Corp (HSC) ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

1-800-FLOWERS.COM Inc (FLWS) 3D Systems Corp (TDSC) ACI Worldwide Inc (ACIW) Advanta Corp (ADVNB) Alon USA Energy Inc (ALJ) Alphatec Holdings Inc (ATEC) American Water Works Co Inc (AWK) AMETEK Inc (AME) Anaren Inc (ANEN) Animal Health International Inc (AHII) Apogee Enterprises Inc (APOG) Bankrate Inc (RATE) Banner Corp (BANR) Bel Fuse Inc (BELFB) Belden Inc (BDC) Bio-Rad Laboratories Inc (BIO) Blockbuster Inc (BBI) ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Animal Health International Inc (AHII) Benihana Inc (BNHNA) BT Group Plc (BT) Carnival Plc (CUK) Cummins Inc (CMI) Delta Natural Gas Company Inc (DGAS) Dover Motorsports Inc (DVD) Eagle Materials Inc (EXP) Entertainment Properties Trust (EPR) Esterline Technologies Corp (ESL) First Advantage Corp (FADV) First State Bancorp NM (FSNM) FirstEnergy Corp (FE) FirstService Corp (FSRV) Gerber Scientific Inc (GRB) GlobalOptions Group Inc (GLOI) HEICO Corp (HEI) ING Groep NV (ING) Limco-Piedmont Inc (LIMC) Lodgian Inc (LGN) Mack-Cali Realty Corp (CLI) Nalco Holding Co (NLC) National Retail Properties Inc (NNN) Pitney Bowes Inc (PBI) Prospect Capital Corp (PSEC) Pulte Homes Inc (PHM) RBC Bearings Inc (ROLL) Republic Airways Holdings ...

Pitney Bowes Inc. (PBI) fell about 2% today on volume of 2.1 million shares, against the average of nearly 2.5 million.

The company recently revised its 2009 EPS guidance downward to between $2.40 and $2.60. In February, it saw earnings of $2.55 to $2.75. Moreover, it expects revenue to decrease in the range of 1% to 4% on a constant currency basis.

The full-year estimate is down to $2.46 per share from $2.63 just a week earlier as both of the covering analysts lowered projections.

This month, the company posted first-quarter earnings of 54 cents per share, 9 cents short of the consensus.

Pitney Bowes is a Zacks #4 Rank ("Sell") company.

"PBI" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

AEterna Zentaris Inc. (AEZS) Alleghany Corp. (Y) Amerisafe Inc. (AMSF) AXA (AXA) Banco Bilbao Vizcaya Argentaria SA (BBV) Bio-Imaging Technologies Inc. (BITI) Capitol Federal Financial (CFFN) Cardiome Pharma Corp. (CRME) CBIZ Inc. (CBZ) Cincinnati Bell Inc. (CBB) Conn's Inc. (CONN) Dean Foods Co. (DF) Denison Mines Corp. (DNN) Flanders Corp. (FLDR) GeoEye Inc. (GEOY) HMS Holdings Corp. (HMSY) Innovative Solutions & Support Inc. (ISSC) Inverness Medical Innovations Inc. (IMA) Investors Bancorp Inc. (ISBC) IPC The Hospitalist Co. Inc. (IPCM) Javelin Pharmaceuticals Inc. (JAV) Jos. A. Bank Clothiers Inc. (JOSB) Kaman Corp. (KAMN) Kao Corp. (KCRPY) La Jolla Pharmaceutical Co. (LJPC) Lancaster Colony Corp. (LANC) Life Partners Holdings Inc. (...