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Investing.com — Stuck at home, we adopted cats and dogs in droves. And now we’re protecting our new furry friends.
Trupanion (NASDAQ:TRUP), which sells pet medical insurance, jumped almost 18% on Wednesday to a record after reporting a bump in revenue and a profit.
Sales of $117.9 million rose 28% from a year earlier, and compared to the average analyst estimate of $114.5 million. Trupanion reported earnings per share of 4 cents compared to a net loss of 6 cents per share a year earlier, and versus the average analyst forecast of a 3-cent loss per share.
The number of total enrolled pets was 44,727 at June 30, an increase of 29% over the second quarter of 2019.
Shares have three buy ratings and two holds, with no sells.
