Stamps.com (STMP) Tops Q1 EPS by 35c

Stamps.com (NASDAQ: STMP) reported Q1 EPS of $1.32, $0.35 better than the analyst estimate of $0.97. Revenue for the quarter came in at $15.13 billion versus the consensus estimate of $133.39 million.

"Amidst the unprecedented challenges imposed by COVID-19 on the global economy, e-commerce has become an indispensable strategy for businesses and we’re extremely proud that our world leading technology and employees are able to provide a critical technology service for our customers and partners. Stamps.com is prioritizing our employees, customers, partners, and communities, while continuing to provide exceptional service levels and support to our customers and partners. We are in a position to provide valuable services to mailers and shippers coping with this worldwide health crisis and remain committed to making significant strides towards our goal of being the leading worldwide multi-carrier e-commerce software company,” said Ken McBride, Stamps.com’s Chairman and CEO.

GUIDANCE:

Stamps.com sees Q2 2020 EPS of $4.00-$5.00, versus the consensus of $4.42. Stamps.com sees Q2 2020 revenue of $570-600 million, versus the consensus of $581.9 million.

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

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