Stamps.com Inc. Reveals 110% Advance In Q2 Earnings

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

The company said its bottom line advanced to $35.30 million, or $1.94 per share. This was up from $16.77 million, or $0.97 per share, in last year's second quarter.

Analysts had expected the company to earn $1.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 73.7% to $84.01 million. This was up from $48.36 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q2): $35.30 Mln. vs. $16.77 Mln. last year. -Earnings Growth (Y-o-Y): 110.5% -EPS (Q2): $1.94 vs. $0.97 last year. -EPS Growth (Y-o-Y): 100% -Analysts Estimate: $1.26 -Revenue (Q2): $84.01 Mln vs. $48.36 Mln last year. -Revenue Change (Y-o-Y): 73.7%

-Guidance: Full year EPS guidance: $7.00 to $7.50 Full year revenue guidance: $320 to $345 Mln