Friday, October 28, 2011

Stamps.com breaks higher...

Stamps.com (STMP) skyrockets $6.18 to a new high of $32.11 after reporting Q3 revenue of $25.9M (+20% Y/Y) and EPS of $0.37, beating consensus by $1.4M and $0.08. The company is lifting its 2011 revenue guidance range by $2.5M, to $92.5M-$102.5M, and its EPS range by $0.10, to $1.20-$1.40.

Stamps.com is up 139% YTD, partly thanks to the USPS' rate hikes and cost cuts.

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