Patterson Companies Inc. Q3 Profit Decreases, but beats estimates

(RTTNews) - Patterson Companies Inc. (PDCO) reported earnings for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $53.93 million, or $0.55 per share. This compares with $57.01 million, or $0.58 per share, in last year's third quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $61.14 million or $0.62 per share for the period.

Analysts on average had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.60 billion, equal to the mark posted in the same period last year.

Patterson Companies Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $53.93 Mln. vs. $57.01 Mln. last year. -EPS (Q3): $0.55 vs. $0.58 last year. -Analyst Estimates: $0.60 -Revenue (Q3): $1.60 Bln vs. $1.60 Bln last year.

-Guidance: Full year EPS guidance: $2.25 to $2.30