Pitney Bowes (PBI) looks set for a lackluster session after adjusted Q1 earnings miss estimates....

|About: Pitney Bowes Inc. (PBI)|By:, SA News Editor

Pitney Bowes (PBI) looks set for a lackluster session after adjusted Q1 earnings miss estimates. The real negative however, was the company's announcement that it will slash its dividend by 50% in order to "provide the company [with] added financial flexibility." Shares -10.7% premarket.