DANIA BEACH, Fla. (AP) _ Chewy Inc. (CHWY) on Tuesday reported fiscal fourth-quarter net income of $21 million, after reporting a loss in the same period a year earlier.

The Dania Beach, Florida-based company said it had net income of 5 cents per share. Earnings, adjusted for stock option expense, came to 11 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The online pet store posted revenue of $2.04 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.96 billion.

For the year, the company reported that its loss narrowed to $92.5 million, or 23 cents per share. Revenue was reported as $7.15 billion.

Chewy shares have declined 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $80.38, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHWY at https://www.zacks.com/ap/CHWY

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News