Patterson Companies Inc. Reveals 4% Gain In Q1 Earnings

(RTTNews) - Patterson Companies Inc. (PDCO) reported a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line climbed to $48.79 million, or $0.51 per share. This was higher than $46.90 million, or $0.47 per share, in last year's first quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.7% to $1.33 billion. This was up from $1.14 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q1): $48.79 Mln. vs. $46.90 Mln. last year. -Earnings Growth (Y-o-Y): 4.0% -EPS (Q1): $0.51 vs. $0.47 last year. -EPS Growth (Y-o-Y): 8.5% -Analysts Estimate: $0.51 -Revenue (Q1): $1.33 Bln vs. $1.14 Bln last year. -Revenue Change (Y-o-Y): 16.7%

-Guidance: Full year EPS guidance: $2.60 - $2.70