Published: Dec. 9, 2021 astatine 4:38 p.m. ET

Chewy Inc.'s CHWY banal tumbled 8% successful extended trading Thursday aft the online retailer of favored nutrient and different pet-related products reported fiscal third-quarter results. Chewy reported a nett nonaccomplishment of $32.2 million, compared with a nett nonaccomplishment of $32.8 cardinal successful the year-ago quarter. Net income climbed 24% to $2.21 cardinal from $1.78 cardinal a twelvemonth ago. Analysts surveyed by FactSet had expected a nett nonaccomplishment of 8 cents a stock connected gross of $2.2 billion. Shares of Chewy are down 37% this year, portion the broader S&P 500 scale SPX has gained 24.5%.

Read Next

About the Author

Jon Swartz is simply a elder newsman for MarketWatch successful San Francisco, covering galore of the biggest players successful tech, including Netflix, Facebook and Google. Jon has covered exertion for much than 20 years, and antecedently worked for Barron's and USA Today. Follow him connected Twitter @jswartz.