Stamps Shares Surge After Earnings

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Stamps.com reported fourth quarter net income of $4.68 million, (20 cents per share), a 16 percent improvement on $4.1 million (17 cents) for the same period a year earlier.


Revenue for the Los Angeles-based online stamp vendor was up 21 percent to $25 million thanks mainly to strong growth in the sales of seasonal photo stamps.


Shares in Stamps.com closed up 21 cents Thursday but shot up in after-market trading and were up 19.5 percent ($2.71) Friday to $17.09.

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