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POMPANO BEACH, Fla. - PetMed Express Inc., a pet-medication delivery company, on Monday said it earned a higher fiscal first-quarter profit that topped expectations by a penny, partly on contributions from new customers.
| PETS | 17.32 |  -0.02 |
Profit rose around 7 percent to $6.6 million, or 28 cents per share, from $6.2 million, or 25 cents per share, a year earlier.
Sales rose nearly 16 percent to $68.4 million from $59 million. New order sales rose 17 percent to $22.1 million from $19 million a year earlier.
Analysts polled by Thomson Financial expected earnings of 27 cents per share and sales of $65.3 million.
Chief Executive Menderes Akdag said the company saw a 17 percent rise in new order sales, and acquired 267,000 new customers. A year ago, the company acquired 236,000 new customers.
The stock rose 50 cents, or 3.7 percent, to $14 in morning trading.
NAME_Timothy F. Geithner AGE-BIRTH DATE-LOCATION-47; August 18, 1961, New York City.
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