Stamps.Com Inc.: Growth Driven By Increased Online Shopping (NASDAQ:STMP)

If your business is not on the internet, then your business will be out of business. — Bill Gates

Online shopping has seen advancements in the past few months that might have otherwise taken years to adopt. These advancements benefit both consumers trapped at home and the businesses no longer seeing foot traffic in their stores. Yet the end product still needs to get to the consumer, and those businesses looking to avoid trips to the post office can turn to Stamps.com (STMP).

Stamps.com Inc provides Internet-based mailing and shipping solutions throughout the United States and Europe. In the words of the Stamps.com Chairman and CEO from the second quarter earnings release, “In recent months, e-commerce has provided an important lifeline to many businesses and individuals in the context of the COVID-19 pandemic”. This success was reflected in the company’s second quarter earnings report.

Growth in reported results

Stamps.com posted

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