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Patterson Companies Inc. Q4 adjusted earnings Inline With Estimates

Patterson Companies Inc. (PDCO) revealed earnings for fourth quarter that dropped from last year.

The company's profit totaled $20.93 million, or $0.23 per share. This compares with $61.69 million, or $0.65 per share, in last year's fourth quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $28.18 million or $0.30 per share for the period.

Analysts had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.4% to $1.40 billion from $1.45 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q4): $28.18 Mln. vs. $65.61 Mln. last year.
-EPS (Q4): $0.30 vs. $0.69 last year.
-Analysts Estimate: $0.30
-Revenue (Q4): $1.40 Bln vs. $1.45 Bln last year.

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