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Stamps.com stock plunges 11% after earnings and revenue beat
Stamps.com Inc. shares dove more than 11% in the extended session Thursday after the company reported earnings and revenue that topped consensus estimates. Stamps.com logged first-quarter net income of $16.5 million, which amounts to 91 cents a share, compared with net income of $15.8 million, or 87 cents a share, a year ago. Adjusted for stock compensation, among other items, earnings were $1.32 a share. Revenue rose to $151.3 million from $136 million in the year-ago period. Analysts polled by FactSet had modelled adjusted earnings of 99 cents a share on sales of $132.4 million a year ago. For the second quarter, analysts model adjusted earnings of $1.02 a share and sales of $137.7 million. For the full year, Stamps says it expects adjusted earnings of $4 to $5 a share and sales of $570 million to $600 million. Stamps stock has gained 133% this year, as the S&P 500 index fell 11.8%.
https://finance.yahoo.com/m/3a16a92...e/stamps.com-stock-plunges-11%.html?.tsrc=rss
Stamps.com Inc. shares dove more than 11% in the extended session Thursday after the company reported earnings and revenue that topped consensus estimates. Stamps.com logged first-quarter net income of $16.5 million, which amounts to 91 cents a share, compared with net income of $15.8 million, or 87 cents a share, a year ago. Adjusted for stock compensation, among other items, earnings were $1.32 a share. Revenue rose to $151.3 million from $136 million in the year-ago period. Analysts polled by FactSet had modelled adjusted earnings of 99 cents a share on sales of $132.4 million a year ago. For the second quarter, analysts model adjusted earnings of $1.02 a share and sales of $137.7 million. For the full year, Stamps says it expects adjusted earnings of $4 to $5 a share and sales of $570 million to $600 million. Stamps stock has gained 133% this year, as the S&P 500 index fell 11.8%.
https://finance.yahoo.com/m/3a16a92...e/stamps.com-stock-plunges-11%.html?.tsrc=rss
