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TRUP Trupanion Inc

25.61
2.55 (11.06%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Trupanion Inc NASDAQ:TRUP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.55 11.06% 25.61 25.47 25.99 25.04 22.96 22.97 534,873 00:59:59

Trupanion Shares Jump 12% as Third-Quarter Loss Narrows, Pet Enrollment Grows

02/11/2023 9:39pm

Dow Jones News


Trupanion (NASDAQ:TRUP)
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By Paul Ziobro

Shares of Trupanion jumped in late trading on Thursday after the pet insurance company posted a narrower-than-expected third-quarter loss on a 19% increase in enrollment.

The stock was up 12% in after-hours trading to $25.54. Shares ended Thursday's regular trading session up 11.8% at $22.87, which left them down a little more than 50% for the year.

The Seattle-based company on Thursday reported a net loss of $4 million, or 10 cents a share, for the quarter-ended Sept. 30, compared with a loss of $12.9 million, or 32 cents a share, in the same period a year ago.

Analysts recently polled by FactSet expected a loss of 31 cents.

Revenue rose 22% to $285.9 million, topping analyst estimates of $275 million. The company said that it had 1.7 million enrolled pets at the end of the quarter.

Write to Paul Ziobro at paul.ziobro@wsj.com

 

(END) Dow Jones Newswires

November 02, 2023 17:24 ET (21:24 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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