Stamps.com Up 10.5% On Earnings Beat (STMP)

Shares of Los Angeles, California-based Stamps.com Inc. STMP are trading up 10.5% at $14.10 per share during the Friday afternoon trading session. The day's trading range for shares of Stamps.com Inc has been between $13.77 and $15.18 per share. Analysts covering the company's stock give it a consensus price target of $15.75 per share. Volume of 500,000 shares is already nearly 10 times the daily average volume of 53,000 shares. Stamps.com Inc. (STMP) announced on Thursday after the market closed that it beat consensus Wall Street expectations. Stamps.com Inc announced 4th quarter adjusted earnings per share of 30 cents, on revenue of $22.68 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 17 cents per share, on revenue of $22.06 million. Stamps.com Inc enables small businesses, enterprises, advanced shippers, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. Read more from Benzinga's Company news.