– Stamps.com Inc. (NASDAQ: STMP) reported adjusted earnings of $2.12 per share for the fourth quarter of 2019, vs. $1.03 per share expected.
– Unadjusted net income was $20.3 million or $1.13 per share in the December-quarter, compared to $42.7 million or $2.30 per share a year earlier.
– Revenues dropped 5% to $160.9 million from $170.2 million in the fourth quarter of 2018, vs. $144.68 million expected
— Mailing and Shipping revenue dropped 6% annually, while Customized Postage revenue moved up 2%
— During the quarter, the company repurchased around 76 thousand shares at a total cost $6 million
— Expect total revenue to be in a range of $570 million to $600 million in fiscal 2020
— Looking for unadjusted net income between $41 million and $53 million for the full fiscal year
— Expects full-year unadjusted earnings to be in a range of $2.08 per share to $2.92 per share
— For 2020, forecasts adjusted earnings in the range of $4.00 per share to $5.00 per share
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