Stamps.com Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Stamps.com Inc. (STMP) reported earnings for first quarter that declined from last year.

The company's earnings came in at $15.76 million, or $0.87 per share. This compares with $47.04 million, or $2.54 per share, in last year's first quarter.

Excluding items, Stamps.com Inc. reported adjusted earnings of $22.22 million or $1.23 per share for the period.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.8% to $136.00 million from $133.57 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q1): $22.22 Mln. vs. $47.03 Mln. last year. -EPS (Q1): $1.23 vs. $2.54 last year. -Analysts Estimate: $1.07 -Revenue (Q1): $136.00 Mln vs. $133.57 Mln last year.