Stamps.com Inc. Reveals 110% Advance In Q3 Bottom Line

(RTTNews) - Stamps.com Inc. (STMP) reported a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $42.2 million, or $2.33 per share. This was higher than $20.05 million, or $1.14 per share, in last year's third quarter.

Analysts had expected the company to earn $1.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 79.1% to $92.56 million. This was up from $51.67 million last year.

Stamps.com Inc. earnings at a glance:

-Earnings (Q3): $42.2 Mln. vs. $20.05 Mln. last year. -Earnings Growth (Y-o-Y): 110.5% -EPS (Q3): $2.33 vs. $1.14 last year. -EPS Growth (Y-o-Y): 104.4% -Analysts Estimate: $1.57 -Revenue (Q3): $92.56 Mln vs. $51.67 Mln last year. -Revenue Change (Y-o-Y): 79.1%

-Guidance: Full year EPS guidance: $8.00 - $8.50 Full year revenue guidance: $340 - $360 Mln