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Patterson Co. (PDCO) Dropped To A New Low After Q3 Miss

Patterson Co. (PDCO) reported third quarter adjusted EPS of $0.43 Thursday morning, which fell short of the consensus estimate of $0.52.

The company also announced that its CFO Ann Gugino will leave as of March 1 and serve as special advisor until July 31, 2018.

Patterson gapped open sharply lower Thursday, but traded in a range for the bulk of the session. The stock finished down by 7.47 at $24.10 on the highest volume of the year. Patterson tumbled to a new low for the year.

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