PETS

PetMed Express Inc. Announces Gain In Q1 Profit

(RTTNews) - PetMed Express Inc. (PETS) released earnings for its first quarter that rose from last year.

The company's profit totaled $7.77 million, or $0.39 per share. This compares with $5.34 million, or $0.26 per share, in last year's first quarter.

Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.3% to $96.20 million from $79.99 million last year.

PetMed Express Inc. earnings at a glance:

-Earnings (Q1): $7.77 Mln. vs. $5.34 Mln. last year. -EPS (Q1): $0.39 vs. $0.26 last year. -Analysts Estimate: $0.39 -Revenue (Q1): $96.20 Mln vs. $79.99 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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