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Patterson Companies Inc. Q1 adjusted earnings Beat Estimates

Patterson Companies Inc. (PDCO) reported earnings for first quarter that fell from the same period last year.

The company's profit came in at $24.41 million, or $0.25 per share. This compares with $30.04 million, or $0.32 per share, in last year's first quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $31.46 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.0% to $1.25 billion from $1.33 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q1): $31.46 Mln. vs. $25.36 Mln. last year.
-EPS (Q1): $0.33 vs. $0.27 last year.
-Analysts Estimate: $0.23
-Revenue (Q1): $1.25 Bln vs. $1.33 Bln last year.

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