Stamps.com Inc. (STMP) reported first quarter non-GAAP EPS of $0.57 Thursday morning, up from $0.34 last year. The consensus estimate was for EPS of $0.39. Full year 2013 non-GAAP EPS is expected to be between $1.95 and $2.15, up from prior expectations of $1.75 to $1.95. The consensus estimate is for EPS of $1.85.
Stamps.com rose steadily throughout the first 2 hours of trade Thursday and took out the session highs going into the close. The stock finished with a gain of 6.95 at $32.62 on strong volume. Stamps.com broke out to a new high for the year.
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