Why Trupanion Stock Plummeted Today

Shares of Trupanion (TRUP -35.15%) plunged 35% on Friday after an accounting controls warning overshadowed better-than-expected preliminary fourth-quarter results from the pet insurance provider.Trupanion's strong Q4 eclipsed by "material weaknesses" warningTrupanion says its preliminary fourth-quarter 2023 revenue grew 20% year over year to $295.9 million, translating to a net loss of$2.2 million, or $0.05 per share (narrowed from a loss of$0.23 per share in the same year-ago period). By comparison, most ...