New England Business Service, Inc., Groton, MA, said that its sales for the second quarter would fall to approximately $124 million, and that future earnings would be lower than forecast. "Slower economic activity is adversely impacting demand for the company’s products across all of our distribution channels. Consequently, we are lowering our revenue and earnings expectations for the remaining two
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New England Business Service, Inc., Groton, MA, said that its sales for the second quarter would fall to approximately $124 million, and that future earnings would be lower than forecast.
"Slower economic activity is adversely impacting demand for the company’s products across all of our distribution channels. Consequently, we are lowering our revenue and earnings expectations for the remaining two quarters of the fiscal year," said Robert J. Murray, the firm’s chairman and CEO, in a statement.
