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Patterson Companies Inc. Q3 Income Declines

Patterson Companies Inc. (PDCO) released a profit for third quarter that fell from last year.

The company said its earnings came in at $39.55 million, or $0.43 per share. This was lower than $55.42 million, or $0.58 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $1.38 billion. This was down from $1.40 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q3): $39.55 Mln. vs. $55.42 Mln. last year.
-Earnings Decline (Y-o-Y): -28.6%
-EPS (Q3): $0.43 vs. $0.58 last year.
-EPS Decline (Y-o-Y): -25.9%
-Analysts Estimate: $0.52
-Revenue (Q3): $1.38 Bln vs. $1.40 Bln last year.
-Revenue Change (Y-o-Y): -1.4%

Full year EPS guidance: $1.65 to $1.70

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