PetMed Express Inc. (PETS) reported fourth quarter net income of $0.20 per share Monday morning, compared to $0.19 per share last year. The consensus estimate was for EPS of $0.18. Net sales came in at $55.9 million, compared to $50.9 million in the prior year. The consensus estimate was for revenues of $52.05 million.
PetMed Express sharply declined during the first half of the morning Monday and closed down by 2.69 at $11.07 on the highest volume of the year. The stock sank to a 3 1/2 month low and dropped below its 50-day moving average.
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