Stamps.com Shares Jump After Quarterly Results Beat

By Markets MarketWatch Pulse

Stamps.com Inc. shares rallied in the extended session Thursday after the Internet-based postage service topped Wall Street estimates for the quarter. Stamps.com shares surged 21% to $116.61 after hours. The company reported adjusted fourth-quarter revenue of $1.57 a share on revenue of $69.9 million. Analysts surveyed by FactSet had forecast earnings of 95 cents a share on revenue of $58.4 million. For the year, the company sees adjusted earnings of $5 to $5.50 a share on revenue of $290 million to $300 million, while analysts expect $5.46 a share on revenue of $346.6 million.

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