Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

PetMed Express Q4 Profit Slips

RELATED NEWS
Trade PETS now with 

PetMed Express Inc. (PETS: Quote) Monday reported a decline in profit for the fourth quarter, as higher operating expenses offset a double-digit revenue growth.

The Pompano Beach, Florida-based company's fourth-quarter net profit was $3.99 million, compared to $4.15 million last year. On a per-share basis, earnings rose to $0.20 from $0.19, due mainly lower shares count. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 10 percent to $55.92 million from $50.91 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $52.05 million for the quarter.

For the quarter, total operating expenses increased to $12.69 million from $11.03 million in the similar quarter last year.

Click here to receive FREE breaking news email alerts for PetMed Express Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After moving mostly higher over the course of the previous week, stocks showed a notable move back to the downside during trading on Monday. With the drop on the day, the Dow pulled back well off last Friday's record closing high. After reporting four consecutive monthly increases, the National Association of Realtors released a report on Monday showing an unexpected drop in U.S. existing home sales in the month of August. NAR said existing home sales fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. The European Central Bank remains ready to use additional unconventional tools to counter risks to the inflation outlook and to boost the euro area economy, ECB President Mario Draghi said on Monday. "The Governing Council remains fully determined to counter risks to the medium-term outlook for inflation," Draghi said in Brussels.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.