Between new customer UPS and a new USPS contract, the online postage seller is growing again.
News & Analysis: Stamps.com
Major benchmarks didn't make big moves Thursday morning.
STMP earnings call for the period ending December 31, 2019.
Although the company's transition away from its exclusive deal with the USPS was painful, a new agreement with UPS points the way to better days ahead.
With the help of a new UPS partnership, the online postage specialist's multicarrier strategy is starting to bear fruit.
STMP earnings call for the period ending September 30, 2019.
The online shipping company delivered a beat-and-raise quarter thanks in part to its new partnership with UPS.
This beaten-down stock surged over 20% on the news.
Markets finished lower, but some stocks managed to post blockbuster gains.
After nixing its agreement with the U.S. Postal Service earlier this year, a new deal with UPS is exactly what investors wanted to see.