AP NEWS

Patterson Cos.: Fiscal 4Q Earnings Snapshot

June 27, 2019

ST PAUL, Minn. (AP) _ Patterson Cos. (PDCO) on Thursday reported fiscal fourth-quarter profit of $28 million.

On a per-share basis, the St Paul, Minnesota-based company said it had profit of 30 cents. Earnings, adjusted for amortization costs, came to 37 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The medical supplies maker posted revenue of $1.44 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.43 billion.

For the year, the company reported profit of $83.6 million, or 89 cents per share. Revenue was reported as $5.57 billion.

Patterson Cos. expects full-year earnings in the range of $1.33 to $1.43 per share.

Patterson Cos. shares have climbed 26% since the beginning of the year, while the Standard & Poor’s 500 index has increased 16%. The stock has risen almost 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDCO at https://www.zacks.com/ap/PDCO

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