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Stamps.com licking it on Nasdaq as second quarter beats estimates

EPS (earnings per share) was 46 cents while sales were $16.8mln, the company revealed

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Stamps.com is an online postage provider

Online postage group Stamps.com Inc (NASDAQ:STMP) licked up almost 30% in New York as its earnings beat estimates in the second quarter.

EPS (earnings per share) was 46 cents while sales were $16.8mln, while the firm also significantly raised its full year 2017 guidance.

The group is eyeing 2017 revenue of between $435 and $460 mln and adjusted EPS of between 7.50 and $8.50, while consensus analysts' estimate was $426.4 mln and EPS of $7.30

The firm's chief executive Ken McBride says the company reached its highest level of paid customers and average revenue per paid customer.

It also saw "strong contributions" from all subsidiaries, it said.

Shares added 29.48% on the day to $195.90.

Quick facts: Stamps.com Inc

Price: 209.39 USD

NASDAQ:STMP
Market: NASDAQ
Market Cap: $3.58 billion
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