Stamps.com Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Stamps.com Inc. (STMP) reported earnings for its first quarter that rose from the same period last year.

The company's profit totaled $47.04 million, or $2.54 per share. This compares with $33.14 million, or $1.82 per share, in last year's first quarter.

Excluding items, Stamps.com Inc. reported adjusted earnings of $47.03 million or $2.54 per share for the period.

Analysts had expected the company to earn $1.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.2% to $133.57 million from $105.04 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q1): $47.03 Mln. vs. $33.25 Mln. last year. -EPS (Q1): $2.54 vs. $1.83 last year. -Analysts Estimate: $1.90 -Revenue (Q1): $133.57 Mln vs. $105.04 Mln last year.

-Guidance: Full year EPS guidance: $9.60 to $10.60 Full year revenue guidance: $530 - $560 Mln