2 Stocks Seeing Volatile Price Action After Earnings
PetMed Express Inc. (NASDAQ:PETS) in the third quarter as profit dropped from a year earlier. Net income for PetMed Express Inc. fell to $3.9 million (19 cents per share) vs. $4.5 million (20 cents per share) a year earlier. This is a decline of 13.8% from the year earlier quarter. Revenue rose 12% to $50.5 million from the year earlier quarter. PETS beat the mean analyst estimate of 16 cents per share. It beat the average revenue estimate of $44.8 million.
Menderes Akdag, President and CEO, commented: “We are pleased to report that we acquired 150,000 new customers in the quarter ended December 31, 2011, compared to 111,000 new customers acquired for the same period in the prior year, a 35% increase. Our advertising cost to acquire a new customer decreased by 11% to $36 for the quarter ended December 31, 2011, compared to $40 for the same period in the prior year. ”
Competitors to Watch: Rite Aid Corporation (NYSE:RAD), Walgreen Company (NYSE:WAG), drugstore.com, inc. (NASDAQ:DSCM), China Nepstar Chain Drugstore Ltd. (NYSE:NPD), Graymark Healthcare Inc (NASDAQ:GRMH), CVS Caremark Corporation (NYSE:CVS), PetSmart, Inc (NASDAQ:PETM), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
Woodward Inc. (NASDAQ:WWD) reported its results for the first quarter. Net income for Woodward Inc. rose to $28.4 million (40 cents per share) vs. $22.4 million (32 cents per share) in the same quarter a year earlier. This marks a rise of 26.9% from the year earlier quarter. Revenue fose 11.7% to $407.9 million from the year earlier quarter. WWD fell short of the mean analyst estimate of 45 cents per share. It fell short of the average revenue estimate of $424.9 million.
“Our sales and earnings growth this quarter, coupled with our order volume for the remainder of the year, supports our full year expectations,” said Thomas A. Gendron, Chairman and Chief Executive Officer. “Sales and earnings growth this quarter benefitted from progress on key strategic initiatives.”
Competitors to Watch: Parker-Hannifin Corp. (NYSE:PH), General Electric Company (NYSE:GE), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON), Broadwind Energy Inc. (NASDAQ:BWEN), Ocean Power Tech., Inc. (NASDAQ:OPTT), Capstone Turbine Corp. (NASDAQ:CPST), Goodrich Corporation (NYSE:GR) and Generac Holdings Inc. (NYSE:GNRC).