Patterson Companies Inc. Reports 15% Drop In Q3 Profit

(RTTNews) - Patterson Companies Inc. (PDCO) revealed earnings for third quarter that decreased compared to the same period last year.

The company said its profit came in at $55.42 million, or $0.58 per share. This was lower than $65.14 million, or $0.68 per share, in last year's third quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.40 billion, equal to the mark posted in the same period last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q3): $55.42 Mln. vs. $65.14 Mln. last year. -Earnings Decline (Y-o-Y): -14.9% -EPS (Q3): $0.58 vs. $0.68 last year. -EPS Decline (Y-o-Y): -14.7% -Analysts Estimate: $0.57 -Revenue (Q3): $1.40 Bln vs. $1.40 Bln last year. -Revenue Change (Y-o-Y): 0%

-Guidance: Full year EPS guidance: $2.27 - $2.33