Stamps.com Inc. (STMP) reported third quarter non-GAAP net income of $0.37 per share after the bell Thursday, up from $0.24 per share in the previous year. The consensus estimate was for EPS of $0.29. The company now expects to report full year 2011 non-GAAP net income of $1.20 to $1.40. The consensus estimate is for EPS of $1.22.
Stamps.com Inc. gapped up slightly Friday and climbed throughout the first 2 hours of trade. The stock closed higher by 6.82 at $32.73 on the highest volume of the year. Stamps.com surged past the upper end of a 3-week range and set a new high for the year.
by RTTNews Staff Writer
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