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Patterson Companies Inc. Q3 adjusted earnings Beat Estimates

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

The company's bottom line came in at $23.23 million, or $0.24 per share. This compares with $31.23 million, or $0.33 per share, in last year's third quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $44.53 million or $0.47 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $1.46 billion from $1.40 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q3): $44.53 Mln. vs. $35.59 Mln. last year.
-EPS (Q3): $0.47 vs. $0.38 last year.
-Analysts Estimate: $0.36
-Revenue (Q3): $1.46 Bln vs. $1.40 Bln last year.

-Guidance:
Full year EPS guidance: $1.50 to $1.55

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