PetSmart Inc. (PETM) reported first quarter net income of $0.98 per share after the close Wednesday, up from $0.85 per share in the previous year. The consensus estimate was for EPS of $0.96. The company expects to report second quarter EPS of $0.82 to $0.86 and between $3.82 and $3.94 for the full year 2013. The consensus estimates are for EPS of $0.85 and $3.91. The stock is now up 2.54 on 114K shares.
PetSmart declined during the early portion of the afternoon Wednesday and finished down by 0.74 at $69.06. The stock closed near the lower end of a 2-week range.
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