Reuters: Hot Stocks: UPDATE 1-PetMed Express' results miss as customers buy less

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-PetMed Express' results miss as customers buy less Jul 23rd 2012, 14:22 Mon Jul 23, 2012 10:22am EDT July 23 (Reuters) - PetMed Express Inc reported quarterly results that missed Wall Street expectations as it offered more discounts and customers bought smaller quantities, sending the company's shares down 15 percent. The company's shares touched a low of $9.50 on Monday morning, making it one of the biggest percentage loser on the Nasdaq. They were later down 12 percent at $9.88. PetMed, which sells both prescription and non-prescription products for dogs and cats, earned $4 million, or 20 cents per share for the quarter ended June 30, down from $4.8 million, or 22 cents per share, last year. Analysts were expecting earnings of 23 cents per share, according to Thomson Reuters I/B/E/S. Sales fell 6 percent to $69.0 million, missing analysts' estimates of $77.3 million.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions