Business

Stocks gain for fifth day on unemployment report

PetSmart stock has fallen to more than a nine-month low.

Company of Animals LLC via AP

PetSmart stock has fallen to more than a nine-month low.

PetSmart Inc. fell 6.6 percent after the Phoenix-based company­ reported its fiscal fourth-quarter earnings. Profit for the pet store chain rose, but its forecast for this year disappointed investors. PetSmart reported earnings per shares of $1.24 after the market close on Wednesday, up from 91 cents a year earlier. The company expects first-quarter EPS of 92 to 98 cents and $3.76 to $3.92 for the full year 2013. The consensus estimates are 94 cents and $3.93.

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