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: email@example.com