By Paul Ziobro
Shares of Trupanion jumped in late buying and selling on Thursday after the pet insurance coverage firm posted a narrower-than-expected third-quarter loss on a 19% improve in enrollment.
The inventory was up 12% in after-hours buying and selling to $25.54. Shares ended Thursday’s common buying and selling session up 11.8% at $22.87, which left them down a bit greater than 50% for the 12 months.
The Seattle-based firm on Thursday reported a web lack of $4 million, or 10 cents a share, for the quarter-ended Sept. 30, in contrast with a lack of $12.9 million, or 32 cents a share, in the identical interval a 12 months in the past.
Analysts not too long ago polled by FactSet anticipated a lack of 31 cents.
Revenue rose 22% to $285.9 million, topping analyst estimates of $275 million. The firm stated that it had 1.7 million enrolled pets on the finish of the quarter.
Write to Paul Ziobro at [email protected]
(END) Dow Jones Newswires
11-02-23 1724ET