Rover Stock Isn't Just Going to Roll Over and Play Dead
The popularity of Rover (NASDAQ: ROVR) keeps growing. The leading app and website that matches dog and cat owners with vetted locals skilled in pet sitting, pet boarding, and dog walking posted mixed financial results this week. Revenue rose 37% to $52 million in the fourth quarter, comfortably ahead of the 32% that analysts were expecting.
Rover also surprised on the bottom line, posting a profit of $0.03 a share for the seasonally potent holiday quarter. Wall Street pros were targeting merely breakeven results for the pet placer. Guidance wasn't as encouraging, but it wasn't just Rover's fresh financials that were all over the place like a feverishly clawed kitty litter box. Rover's stock also went for a walk.
Shares of Rover initially fell 6% in Monday's after-hours trading, and it remained lower for pre-market indicators on Tuesday morning. Momentum hit different when the trading bell went off on Tuesday. Rover stock was trading 13% higher two hours into Tuesday's market session. In short, Rover stock played fetch.
Source Fool.com
