SEATTLE (AP) — Trupanion Inc. (TRUP) on Thursday reported fourth-quarter net income of $636,000, after reporting a loss in the same period a year earlier.
The Seattle-based company said it had profit of 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The provider of medical insurance covering cats and dogs posted revenue of $105.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $104.9 million.
For the year, the company reported that its loss widened to $1.8 million, or 5 cents per share. Revenue was reported as $383.9 million.
Trupanion shares have fallen 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.27, a climb of 27% in the last 12 months.