Investing.com — Our dependence on deliveries isn’t likely to abate, according to Stamps (NASDAQ:STMP).com’s outlook.
Shares of the online shipping company jumped 20% after boosting guidance and busting forecasts. The stock has more than quadrupled in 2020.
For fiscal 2020, revenue is expected in the range of $650 million to $725 million, compared to the previous guidance of $570 million to $600 million. Net income per share should range between $3.93 and $6.70 compared to the previously expected $2.08 to $2.92.
Second quarter earnings per share of $3.11 compares to the expected $1.13 on sales of $206.7 million, versus the forecasted $146 million, according to analysts tracked by Investing.com.