Stamps.com Inc. Q3 Income Declines 23%

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

The company said its bottom line totaled $7.27 million, or $0.42 per share. This was lower than $9.47 million, or $0.58 per share, in last year's third quarter.

The company said revenue for the quarter rose 36.6% to $51.67 million. This was up from $37.83 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q3): $7.27 Mln. vs. $9.47 Mln. last year. -Earnings Decline (Y-o-Y): -23.2% -EPS (Q3): $0.42 vs. $0.58 last year. -EPS Decline (Y-o-Y): -27.6% -Revenue (Q3): $51.67 Mln vs. $37.83 Mln last year. -Revenue Change (Y-o-Y): 36.6%

-Guidance: Full year EPS guidance: $3.60 - $4.00 Full year revenue guidance: $198 - $208 Mln