Stamps.com® Posts Higher Q2 Profit

(RTTNews) - Stamps.com® Inc. (STMP) reported net income for the second quarter of $11.2 million or $0.68 per share, compared to $8.6 million or $0.53 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $9.0 million or $0.55 per share.

Total revenue for the second quarter rose 7% to $34.28 million from $32.11 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.58 per share on revenue of $33.16 million for the second quarter. Analysts' estimates typically exclude special items.

Stamps.com currently expects 2014 revenue to be in a range of $130 to $145 million, compared to its previous guidance of $125 to $140 million. Earnings per share for 2014 is expected to be in a range of $1.90 to $2.30, compared to previous guidance of $1.80 to $2.20. The company expects 2014 adjusted earnings per share to be in a range of $2.10 to $2.50 which is unchanged from its previous guidance.

Analysts currently expect the company to earn $2.26 per share on revenue of $133.67 million for the full year 2014.