(RTTNews) – Petco Health & Wellness Company Inc (WOOF) revealed Loss for third quarter that decreased from last year but beat the Street estimates.
The company’s earnings came in at -$16.67 million, or -$0.06 per share. This compares with -$1.241 billion, or -$4.63 per share, in last year’s third quarter.
Excluding items, Petco Health & Wellness Company Inc reported adjusted earnings of -$6.53 million or -$0.02 per share for the period.
Analysts on average had expected the company to earn -$0.03 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 1.1% to $1.511 billion from $1.494 billion last year.
Petco Health & Wellness Company Inc earnings at a glance (GAAP) :
-Earnings (Q3): -$16.67 Mln. vs. -$1.241 Bln. last year.
-EPS (Q3): -$0.06 vs. -$4.63 last year.
-Revenue (Q3): $1.511 Bln vs. $1.494 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.00 – $0.02
Next quarter revenue guidance: $1.55 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
