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Shares of Stamps.com (NASDAQ: STMP) have skyrocketed today, up by 16% as of 12:15 p.m. EST, after the company reported Q3 earnings. The postage and shipping software specialist delivered a textbook beat-and-raise quarter.
Revenue in the third quarter declined 5% to $136.2 million, topping the $123.2 million in sales that analysts were expecting. That led to adjusted profits of $19.5 million, or $1.12 per share, well above the consensus estimate of $0.70 per share in adjusted earnings.