Why Chewy Stock Popped Today
Shares of Chewy (NYSE: CHWY), the e-commerce pet company, jumped today after it reported better-than-expected third-quarter results.
The company's top- and bottom-line results beat expectations, and Chewy's management raised its revenue guidance for the full year, sending the stock up 6.5% as of 11:20 a.m. ET.
Chewy reported revenue of $2.53 billion in the quarter, which was up 14.5% from the year-ago quarter and outpaced Wall Street's consensus average of $2.46 billion.
Source Fool.com
