logo
Plus   Neg
Share
Email

PetMed Express Q4 Profit Slips

PetMed Express Inc. (PETS) 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Deutsche Bank were losing around 2 percent in German trading after the banking giant reported lower profit and revenues in its first quarter with weakness in all segments, mainly Corporate & Investment Bank. Separately, the bank announced actions to reshape its Corporate & Investment Bank and additional cost-cutting measures, including job cuts. Hershey Co. (HSY) on Thursday reaffirmed its adjusted earnings guidance for the full-year 2018 in the range of $5.33 to $5.43 range, an increase of 14 to 16 percent from 2017. However, reported earnings are now expected to be in the range of $4.73 to $4.98 per share, an increase of $0.02 per share... Automaker General Motors Co. on Thursday reported a 60 percent fall in profit for the first quarter from last year, reflecting lower revenues and a charge related to the company's Korean operations restructuring. However, adjusted earnings per share for the quarter beat analysts' estimates and the company affirmed its financial outlook for fiscal 2018.
Follow RTT