Investing.com - Stamps.com Inc (NASDAQ:STMP) rocketed to an all-time high on Thursday following more than a 30% advance in the company's share value after it released solid second quarter earnings and boosted its full year guidance.
The company earned $2.08 per share in the second quarter, representing 62% growth versus the comparable quarter. Analysts were expecting the company would earn $1.62 per share. Revenue of $116.1 million was up 38% from the year-ago quarter and above the analyst for$99.3 million.
The firm's chief executive Ken McBride says the company reached its highest level of paid customers and average revenue per paid customer.
The company also boosted its full year guidance to above analyst estimates. Stamps.com's management has full-year 2017 revenue pegged at $435 to $460 mln and adjusted EPS of between $7.50 and $8.50. The consensus analysts' estimate is for EPS of $7.30 on $426.4 million.