Stamps.com Inc. (STMP) reported second quarter non-GAAP net income of $0.45 per share after the close Thursday, up from $0.20 per share last year. The consensus estimate was for EPS of $0.23. The company expects to report full year 2011 non-GAAP EPS of $1.10 to $1.30, compared to the consensus estimate of $0.95.
Stamps.com gapped up sharply Friday and posted gains during the middle portion of the morning. Shares finished up by 3.07 at $16.75, with volume at over a 5-month high. The stock surged past the upper end of a one-month range and closed at a new high for the year.
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