Patterson Companies, Inc. (PDCO) Thursday reported a rise in profit for the third quarter, helped mainly by higher revenues.
Net income for the quarter increased to $53.63 million or $0.52 per share, up from $53.11 million or $0.50 per share in the same period last year.
Revenues totaled $915.86 million, up from $895.03 million last year. Analysts' expected revenues of $907.54 million.
Gross margin improved to 32.8 percent from 32.3 percent last year.
Looking ahead to the fiscal year 2013, the company maintained its earnings guidance range of $2.00 to $2.06 per share. Analysts expect full-year earnings of $2.26 per share.
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