Stamps.com (NASDAQ: STMP) reported Q4 EPS of $3.73, $0.83 better than the analyst estimate of $2.90. Revenue for the quarter came in at $170.2 million versus the consensus estimate of $159.99 million.

• Total revenue was $170.2 million, up 29% compared to $132.5 million in the fourth quarter of 2017.
• GAAP net income was $42.7 million, up 6% compared to $40.2 million in the fourth quarter of 2017.
• GAAP net income per fully diluted share was $2.30, up 7% compared to $2.15 in the fourth quarter of 2017.
• Non-GAAP adjusted EBITDA was $71.3 million, up 11% compared to $64.1 million in the fourth quarter of 2017.
• Non-GAAP adjusted income per fully diluted share was $3.73, down 20% compared to $4.68 in the fourth quarter of 2017.

“We are pleased with our fourth quarter and fiscal 2018 financial performance,” said Ken McBride, Stamps.com’s Chairman and CEO. “We achieved strong financial results driven by exceptional execution in our shipping business and we completed our strategic acquisition of MetaPack which has positioned Stamps.com as the leading global e-commerce shipping software company. We are well positioned to successfully compete on a global scale with a focus on driving long-term value for our customers, partners and shareholders.”

GUIDANCE:

Stamps.com sees FY2019 EPS of $5.15.00-$6.15, versus the consensus of $10.79. Stamps.com sees FY2019 revenue of $540-570 million, versus the consensus of $685.4 million.

For fiscal year 2019, the Company currently expects its GAAP financial outlook to be as follows:

• We expect total revenue to be in a range of approximately $540 million to $570 million.
• We expect GAAP net income to be in a range of approximately $55 million to $69 million.
• We expect GAAP net income per fully diluted share to be in a range of approximately $2.86 to $3.76.
• We expect our 2019 effective tax rate to be 30.0%.

The above GAAP amounts, adjusted as detailed below, result in the following non-GAAP financial outlook:

• We expect non-GAAP adjusted EBITDA to be in a range of approximately $145 million to $165 million.
• We expect non-GAAP adjusted income per fully diluted share to be in a range of $5.15 to $6.15.

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