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Trupanion (TRUP) Tops Q1 EPS by 3c

May 5, 2016 5:37 PM EDT

Trupanion (NYSE: TRUP) reported Q1 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $42.7 million versus the consensus estimate of $41.68 million.

"Trupanion's positive momentum has continued in 2016 and we feel good about the balance we're striking between growth and our return on investment spend," said Darryl Rawlings, CEO of Trupanion. "We delivered our 34th consecutive quarter of revenue growth, while simultaneously scaling our fixed expenses. Significantly, the quality of our revenue growth has improved and we increased our LVP to PAC ratio to 4.9 to 1, in-line with our long-term target."

"As we continue to drive our business towards operational scale in a large and underpenetrated market, we are continuing to invest heavily in the veterinary channel. As we recently announced, our active hospitals increased from 6,073 at the end of 2014 to 7,660 at the end of 2015. This achievement would not have been possible without the efforts of our Territory Partners. By the end of 2015, we had 84 Territory Partners in the field, up from 70 in 2014," Mr. Rawlings conclude

For earnings history and earnings-related data on Trupanion (TRUP) click here.



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