Pitney Bowes Inc. on Wednesday reported second-quarter earnings of $48.2 million. 

On a per-share basis, the Stamford-based company said it had profit of 26 cents. The mailing equipment and software company posted revenue of $861.4 million in the period. 

Pitney Bowes expects full-year earnings in the range of $1.15 to $1.30 per share. 

Pitney Bowes shares have decreased 22 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 percent. The stock has dropped 45 percent in the last 12 months.