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Why is Petmed Express Inc (PETS) Stock down?
We've noticed a 7.30% decline in Petmed Express Inc (PETS) stock during the 2024-11-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
31 Oct, 2023:
PetMed Express, Inc. Stock (PETS) dropped by 24.95% from $9.18 to $6.89 in the trading on Tuesday October 31, 2023. The reason why PETS stock down today include:
- Missed Q3 financial results: PetMed reported revenue of $71 million, missing analysts’ revenue estimate of $76 million. Additionally, EPS of $0.00 missed the cut by $0.09. In comparison, the company had delivered an EPS of $0.13 in the year-ago period.
- Dividend pause: PetMed Express announced that it suspended its quarterly dividend. For the quarter to Sept. 30, the company swung to a net loss of about $70,000, or essentially breakeven on a per-share basis, from net income of $2.6 million, or 13 cents a share, in the same period a year ago.
8.02%
2.87%
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