PetSmart Begging for Treats

Back in March I wrote that PetSmart (PETM) was in the doghouse. The company had just lowered guidance. The stock bottomed in the low $60s as management pointed toward a weak finish to fiscal year 2013.

But the stock saw a big rebound. The shares are up 20% since April 1, and investors are expecting Friday's fiscal third-quarter report to at least match lowered guidance. For the October quarter, the company has guided to revenue of $1.7 billion and earnings per share of $0.86. That works out to 4.4% revenue growth. For the full year, the company is expected to report sales of $6.973 billion, up 3.2%, and for earnings of $3.96 per share....338 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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