Stamps.com Inc. Reports 162% Increase In Q1 Profit

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

The company said its bottom line climbed to $32.0 million, or $1.72 per share. This was higher than $12.2 million, or $0.72 per share, in last year's first quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 85.8% to $81.84 million. This was up from $44.05 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q1): $32.0 Mln. vs. $12.2 Mln. last year. -Earnings Growth (Y-o-Y): 162.3% -EPS (Q1): $1.72 vs. $0.72 last year. -EPS Growth (Y-o-Y): 138.9% -Analysts Estimate: $1.06 -Revenue (Q1): $81.84 Mln vs. $44.05 Mln last year. -Revenue Change (Y-o-Y): 85.8%

-Guidance: Full year EPS guidance: $6.00 - $6.50 Full year revenue guidance: $310 - $330 Mln