Why Stamps.com Stock Is Up 20% After Earnings
Shares of online postage provider Stamps.com (NASDAQ: STMP) popped this morning in response to an estimates-thumping earnings report last night. Instead of the mere $1.26 per share that analysts thought Stamps.com would earn on sales of $153.3 million, Stamps did $206.7 million in business ... and earned $3.11!
Yes, you read that right. Stamps.com earned more than twice what Wall Street expected it to. The fact that the stock is now up 20.3% (as of 11:40 a.m. EDT) seems only right.
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Source Fool.com
