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Earnings Watch: Online pet store Chewy slightly misses first earnings after IPO

Chewy Inc. shares fell less than 0.1% in the extended session Thursday after the company reported its first earnings since its initial public offering just over a month ago.

Chewy slightly missed earnings and revenue expectations.

The online pet store reported first-quarter net losses of $29.6 million, or 8 cents a share, compared with losses of $51.5 million, or 15 cents a share, in the year-ago period. Revenue rose to $1.12 billion from $763.4 million in the year-ago period.

Chewy is a controlled company, operating as an independent subsidiary of PetSmart Inc.

Analysts surveyed by FactSet had estimated losses of 7 cents a share on revenue of $1.12 billion.

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