Patterson Companies Q3 Profit Declines; Backs FY15 EPS Outlook - Quick Facts

(RTTNews) - Patterson Companies Inc. (PDCO) reported net income of $54.7 million or $0.55 per share for the third quarter, compared to $57.0 million or $0.56 per share in the year-ago period.

Adjusted earnings per share for the latest quarter were $0.55, compared to $0.57 per share in the comparable quarter last year. On average, thirteen analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated sales for the quarter declined to $1.06 billion from $1.08 billion in the year-earlier period, while 13 analysts had a consensus revenue estimate of $1.12 billion for the quarter.

For fiscal 2015, Patterson Companies continues to expect earnings in the range of $2.20 to $2.30 per share. Analysts project annual earnings per share of $2.29.