Stamps.com Reports Third Quarter Results
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Stamps.com (STMP) Tops Q3 EPS by 42c, Revenues Beat; Rases FY19 Revenue Guidance Above Consensus, Raises FY19 EPS Mid-Point Guidance Above Consensus
November 7, 2019 4:36 PM ESTStamps.com (NASDAQ: STMP) reported Q3 EPS of $1.12, $0.42 better than the analyst estimate of $0.70. Revenue for the quarter came in at $136.2 million versus the consensus estimate of $123.16 million.
Third Quarter 2019 Financial Highlights
Total revenue was $136.2 million, down 5% compared to $143.5 million in the third quarter of 2018.GAAP net income was $9.1 million, down 73% compared to $33.4 million in the third quarter of 2018.GAAP net income per fully diluted share was $0.52, down 70% compared to $1.75 in the third quarter of 2018.Non-GAAP adjusted EBITDA was $34.5 million, down 43% compared to $61.0 million in the third quarter of... More