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Patterson Companies Inc. Q3 adjusted earnings Inline With Estimates

Patterson Companies Inc. (PDCO) revealed a profit for third quarter that declined from the same period last year.

The company's profit totaled $31.23 million, or $0.33 per share. This compares with $108.96 million, or $1.18 per share, in last year's third quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $35.59 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $1.40 billion from $1.38 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q3): $35.59 Mln. vs. $39.55 Mln. last year.
-EPS (Q3): $0.38 vs. $0.43 last year.
-Analysts Estimate: $0.38
-Revenue (Q3): $1.40 Bln vs. $1.38 Bln last year.

Full year EPS guidance: $1.40 to $1.45

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