Stamps.com (STMP) Tops Q2 EPS by 68c; Raises Outlook

Stamps.com (NASDAQ: STMP) reported Q2 EPS of $1.94, $0.68 better than the analyst estimate of $1.26. Revenue for the quarter came in at $84 million versus the consensus estimate of $73.49 million.

"The acquisition of ShippingEasy will further accelerate Stamps.com's ongoing investments in shipping technology for e-commerce driven package shipping, the fastest growing segment within the mailing and shipping space," said Ken McBride, Stamps.com's chairman and CEO. "Our investments across all our companies in the areas of sales and marketing, customer service, product development and technology innovation have led to growth in packages shipped by our customers, which in turn have contributed to our great financial performance. Based on our outstanding results and the continued strength in our businesses, we increased our 2016 guidance today."

GUIDANCE:

Stamps.com sees FY2016 EPS of $7.00-$7.50, versus prior guidance of $6.00-$6.50 and the consensus of $6.02.

For earnings history and earnings-related data on Stamps.com (STMP) click here.

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