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TRUP - Why Trupanion Stock Fell Sharply on Thursday
Trupanion Inc.
Shares of pet insurance specialist Trupanion (NASDAQ: TRUP) were hit hard on Thursday. The stock fell as much as 20%. But as of 11 a.m. ET, the stock was down about 16%.
The growth stock's decline came after the company reported fourth-quarter earnings after market close on Wednesday. Though revenue for the period was slightly ahead of analysts' consensus forecast, growth in subscription-enrolled pets underwhelmed.