Stamps.com Q4 profits above estimates

\"\"Internet-based postage services provider Stamps.com Inc reported better-than-expected quarterly results, and forecast full-year profit above analysts\’ estimates, sending its shares up 9 percent in extended trading.

For 2011, the company forecast earnings of 85 cents to $1.05 a share, excluding items, on revenue of $82.5-$92.5 million.

Analysts on average were expecting earnings of 82 cents a share, on revenue of $89.3 million, according to Thomson Reuters I/B/E/S.For the fourth quarter, the company reported net loss of $300,000, or 2 cents a share, compared with a profit of $2.17 million, or 14 cents a share, a year ago.

Excluding items, the company earned 30 cents a share.Revenue rose 5 percent to $22.7 million.Analysts on average were expecting an earnings of 17 cents a share, on revenue of $22.1 million.Shares of the company, which closed at $12.76 on Thursday on Nasdaq, were up 9 percent at $13.95 in trading after the bell.

Source: (Reuters)

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