Stamps.com (Nasdaq: STMP) ended up 35/64 at 6 27/64 Friday after the online postage and shipping company reported a smaller-than-expected loss for the second quarter, along with an 80 percent rise in revenue from the first quarter.
Before charges, the Santa Monica, California-based company lost $34.4 million, or 72 cents per share. Analysts were expecting a loss of 82 cents per share.
After all charges and other items, however, Stamps.com posted a loss of $52.29 million. Year-earlier results are not comparable because the company had not yet started selling its services.
Stamps.com shares are trading well below their high of 98 1/2, and are not far above their low of 5 9/16. The shares have been battered, along with those of other e-commerce companies, by skepticism about the outlook for profits.
Reports and anecdotal evidence suggest that online stamp buying has yet to catch on among consumers.