UPS - Stamps.com Shows Its Turnaround Is Gaining Momentum
Stamps.com (NASDAQ: STMP) announced third-quarter 2019 results on Thursday after the markets closed, easily beating estimates and raising its full-year guidance. Shares of the online postage and shipping solutions leader roared more than 12% higher on Friday in response.
Even so, Stamps.com still sits roughly 56% below its 2019 highs as the company works to offset the impact of its strategic decision to nix its exclusive deal with the United States Postal Service (USPS) in February -- though a new partnership with UPS (NYSE: UPS) announced last month goes a long way toward appeasing investors' concerns to that end.
Let's grab our letter openers to get a closer read on what Stamps.com accomplished over the past few months, starting with its headline numbers: