Stamps.com (STMP) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $1.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.67. Analysts had a consensus of $1.05. The company posted revenue of $81.80 million in the period, compared to analysts expectations of $68.50 million. The company’s revenue was up 85.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Stamps.com opened for trading at $82.25 and hit $84.39 on the upside on Friday, eventually ending the session at $84.37, with a gain of 1.95% or 1.61 points. The heightened volatility saw the trading volume jump to 9,02,216 shares. Company has a market cap of $1,410 M.
In a different news, on Apr 27, 2016, James Bortnak (Co-President and Corp & BusDev) sold 5,000 shares at $93.87 per share price. According to the SEC, on Mar 17, 2016, G Bradford Jones (director) purchased 10,000 shares at $113.15 per share price. On Mar 8, 2016, Lloyd I Iii Miller (director) sold 2,560 shares at $123.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. Under the Stamps.com branded solutions the Company’s customers use its service to mail and ship a range of mail pieces including postcards envelopes flats and packages using a range of United States Postal Service (USPS) mail classes including First Class Mail Priority Mail Priority Mail Express Media Mail and Parcel Select and among others. Its customers include individuals small businesses home offices medium-size businesses and large enterprises and within these segments the Company targets both mailers and shippers. In addition the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and PhotoStamps.