Wag! Group PET shares are buying and selling larger on Wednesday after the corporate reported better-than-expected This fall EPS and gross sales outcomes.

Wag! reported This fall earnings of $0.07 per share which simply beat the analyst consensus estimate for a lack of $0.10 per share. The corporate reported quarterly gross sales of $17.04 million which beat the analyst consensus estimate of $13.76 million.

“In 2022, we delivered all-time file outcomes, considerably forward of our expectations. This has been a pivotal interval within the evolution of our firm, as we reworked from a providers enterprise to a holistic platform for all of our Pet Dad and mom’ wants,” mentioned Garrett Smallwood, chairman and CEO of Wag!.

For FY2023, Wag! expects income to be within the vary of $75 million to $77 million versus the analyst consensus estimate of $69.61 million.

Wag! is an American pet care firm that gives a expertise platform to attach pet homeowners with impartial pet professionals for on-demand and scheduled canine strolling, coaching and different petcare providers.

See Additionally: Why Wag! Group Shares Are Buying and selling Larger By Round 22%; Right here Are 20 Shares Shifting Premarket

PET Value Motion: Wag! has a 52-week excessive of $10 and a 52-week low of $1.96.

Wag! shares are up 15.2% at $2.65 on the time of publication, in keeping with Benzinga Professional.

Picture: courtesy of Wag! Group.