Patterson Companies, Inc. (PDCO) posted second-quarter net income of $45.54 million or $0.44 per share compared to $48.95 million or $0.43 per share a year ago. The company noted that net income in this year's second quarter was affected primarily by below-plan sales of dental equipment, as well as the absorption of $3.0 million of incremental interest expense related to Patterson's debt issuance in the third quarter of fiscal 2012.
Consolidated sales grew to $867.19 million from $856.88 million in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share on revenues of $895.46 million for the quarter. Analysts' estimates typically exclude special items.
Going ahead, reflecting the second quarter sales shortfall and outlook for continued economic uncertainty, Patterson reduced its previously-issued fiscal 2013 financial guidance of $2.10 to $2.16 per share to a new range of $2.00 to $2.06. Analysts expect the company to earn $2.12 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.