Why PetMed Express Shares Are Sinking Today
Shares of PetMed Express (NASDAQ: PETS) were sinking 16.4% as of 11:24 a.m. EDT on Monday. PetMed delivered strong revenue and earnings growth, but the company's earnings of $0.39 per share narrowly missed the consensus analysts' estimate of $0.40. Its earnings in the first quarter jumped 47% year over year to $7.8 million, or $0.39 in diluted earnings per share.