Advertisement

Topics

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

09:27 EDT 3 Aug 2017 | Proactive Investors

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.

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

NEXT ARTICLE

More From BioPortfolio on "Stamps.com licking it on Nasdaq as second quarter beats estimates"

Quick Search
Advertisement
 

Relevant Topic

The Top 100 Pharmaceutical Companies
Top 10 biotech and pharmaceutical companies worldwide based on market value in 2015 2015 ranking of the global top 10 biotech and pharmaceutical companies based on revenue (in billion U.S. dollars) Johnson & Johnson, U.S. 74...