Stamps.com Earnings: Here’s Why Investors are Buying Shares Now
Stamps.com Inc. (NASDAQ:STMP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.88%.
Stamps.com Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.6 in the quarter versus EPS of $0.40 in the year-earlier quarter.
Revenue: Rose 13.71% to $32.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stamps.com Inc. reported adjusted EPS income of $0.6 per share. By that measure, the company beat the mean analyst estimate of $0.47. It beat the average revenue estimate of $31.45 million.
Quoting Management: “We are very pleased with our continued strong revenue and earnings growth this quarter,” said Ken McBride, Stamps.com Chairman and CEO. “In addition to our overall revenue and earnings growth, during the second quarter we achieved our highest level ever of paid customers in our core PC Postage business, and we saw continued strong growth in our enterprise and high volume shipping businesses. As a result of our second quarter performance and the strength of our businesses, we raised our 2013 guidance today.”
Key Stats (on next page)…