Petsmart Report Earnings; Shares Fall After-Hours

Shares of Petsmart Inc. PETM are lower in the after-hours after the company reported earnings that were better than Street estimates. Petsmart said the EPS came in at $0.46 on revenue of $1.4 billion. The Street was looking for $0.43 EPS on revenue of $1.38 billion. The company also gave guidance that was inline with Street estimates saying that Q2 EPS would be in the range of $0.33-0.37 on revenue of $1.82-1.92 billion. Shares look to be trading off in the after-hours due to the whisper number being $0.47 per share, as well it looks like traders were looking for the company to give a higher and tighter range for the upcoming quarter. Petsmart was trading off 3.53% in the after-market, currently at $31.20.