Stamps.com Inc. (NASDAQ: STMP) was one of the top gainers in yesterday’s trading session. The stock rallied in the day to close with gains of 65.50%. This came after the company announced stronger than expected Q4 results that beat analyst expectations.

In the quarter, the company had earnings per share of $2.12, higher than Wall Street’s consensus estimate of an EPS of $0.93. Nonetheless, it was slightly lower than a similar quarter a year ago, when the company had an EPS of $3.73. The company’s EPS has beat analyst estimates for the last four consecutive quarters. 

In the quarter, the company also recorded total revenues of $160.9 million. This was slightly lower than the $170.2 million that it recorded in a similar quarter in the previous financial year.  The company also recorded a drop in GAAP net income by 52%, when compared to a similar quarter in the previous financial year. In Q4 of 2019, the company had a GAAP net income of $20.3 million, while in 2018, that figure stood at $42.7 million.  GAAP net income per share also dropped from $2.30 in Q4 of 2018 to $1.13 in Q4 of 2019. The company also reported a drop in non-GAAP EBITDA from $71.3 million in 2018, to $51.4 million in 2019. 

Commenting on the results, CEO Ken McBride stated that, the company took some significant steps forward in 2019. He added that the company’s moves were in line with its goal of becoming a global leader in the multi-career e-commerce software.  He concluded by saying that, they were excited about the company’s prospects in 2020.

From its price action, STMP is in a breakout. The stock gapped up and opened the day at $131.79. It then traded between a low of $124.50 and a high of $159.70, before closing the day at $157.99. Volumes in the day stood at 7.08 million.

About Stamps.com Inc.

Stamps.com Inc. offers internet-based mail services. It is based in El Segundo, California.