01:36 PM EDT, 05/03/2024 (MT Newswires) -- Trupanion ( TRUP ) shares fell more than 12% in recent Friday trading following its Q1 results in the previous day.

Late Thursday, the company reported Q1 net loss of $0.16 per diluted share, narrowing from $0.60 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.19.

Revenue for the quarter ended March 31 was $306.1 million, up from $256.3 million a year earlier.

Analysts surveyed by Capital IQ expected $300.4 million.

The company said it has appointed Margi Tooth as its chief executive officer, effective Aug. 1, adding to her role as president.

Trupanion ( TRUP ) also said founder and outgoing CEO Darryl Rawlings will continue to serve in the role of board chair.

Price: 20.72, Change: -3.06, Percent Change: -12.87