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Why PetMed Express Inc. Stock Jumped Today

TheMotleyFool 
0 0 24.07.17
Why PetMed Express Inc. Stock Jumped TodayPhoto, wide shot, wide-angle lens, Convenience store, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/35bdb659-cf5a-466a-95a9-428a230a2d2e.png
 
Why PetMed Express Inc. Stock Jumped Today

Shares of PetMed Express Inc. (NASDAQ: PETS) soared today after the country's largest pet pharmacy reported strong fiscal first-quarter results. As of 12:32 a.m. EDT, the stock was up 19.3%.

PetMed Express surged past analysts' forecasts once again as revenue increased 10% to $79.7 million, topping the consensus estimate of $77.3 million. A shift to higher-margin products helped generate a 350-basis-point increase in gross margin to 34.5%, which in turn powered a 41% jump in earnings per share to $0.45, beating the consensus estimate of $0.38.

Image Source: Getty Images

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Source: Fool.com

Petmed Express Inc Stock

€1.74
-0.990%
Petmed Express Inc shows a slight decrease today, losing -€0.017 (-0.990%) compared to yesterday.

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