Stamps.com Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Stamps.com Inc. (STMP) released a profit for its second quarter that advanced from the same period last year.

The company's bottom line totaled $45.52 million, or $2.41 per share. This compares with $31.04 million, or $1.71 per share, in last year's second quarter.

Excluding items, Stamps.com Inc. reported adjusted earnings of $51.92 million or $2.75 per share for the period.

Analysts had expected the company to earn $2.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.2% to $139.63 million from $116.14 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q2): $51.92 Mln. vs. $37.79 Mln. last year. -EPS (Q2): $2.75 vs. $2.08 last year. -Analysts Estimate: $2.38 -Revenue (Q2): $139.63 Mln vs. $116.14 Mln last year.

-Guidance: Full year EPS guidance: $10.15 - $11.15