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Aug. 6, 2020, 4:56 p.m. EDT

Stamps.com soars 20% as Q2 results blow past estimates

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By Jon Swartz

Stamps.com Inc. /zigman2/quotes/202777086/composite STMP +0.42% shares soared 20% in after-hours trading Thursday after the internet-based mailing and shipping service reported fiscal second-quarter revenue that blew past Wall Street estimates. Stamps.com reported net income of $51.7 million, or $2.73 a share, compared with net income of $14 million, or 79 cents a share, in the year-ago quarter. Revenue jumped 49% to $206.7 million from $138.8 million a year ago. Analysts surveyed by FactSet had expected net income of $1.26 cents a share on sales of $153.3 million. Stamps.com shares are up 214% this year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.48% has improved 3.7% in 2020. Stamps.com's big quarter comes amid a national slowdown in postal-service deliveries.

/zigman2/quotes/202777086/composite
US : U.S.: Nasdaq
$ 239.04
+1.01 +0.42%
Volume: 60,175
Sept. 28, 2020 12:13p
P/E Ratio
45.28
Dividend Yield
N/A
Market Cap
$4.18 billion
Rev. per Employee
$497,820
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/zigman2/quotes/210599714/realtime
US : S&P US
3,347.41
+48.95 +1.48%
Volume: 927.98M
Sept. 28, 2020 12:14p
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