logo
Plus   Neg
Share
Email

Patterson Cos. Q4 Results Top Estimates - Quick Facts

Patterson Cos. Inc. (PDCO) reported Wednesday that third-quarter net income attributable to the company more than doubled to $48.76 million or $0.50 per share from $23.23 million or $0.24 per share in the prior-year quarter.

Excluding items, adjusted net income attributable to Patterson was $0.58 per share, compared to $0.47 per share in the year-ago quarter.

Consolidated net sales for the quarter grew 6.5 percent to $1.55 billion from $1.46 billion in the same quarter last year.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share on sales of $1.50 billion for the year. Analysts' estimates typically exclude special items.

Internal sales, which are adjusted for the effects of currency translation and changes in product selling relationships, increased 6.9 percent.

Looking ahead, Patterson said it is not providing fourth-quarter fiscal 2021 financial guidance at this time, due to the continued uncertainty surrounding the COVID-19 pandemic and its impact on business operations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Inter-American Development Bank and Citi Innovation Labs have successfully completed a proof-of-concept to make cross-border payments from the U.S. to countries in Latin America and the Caribbean, using blockchain and tokenized money. The platform provided full traceability of the transactions, exchange rates, and fees on blockchain. Australian competition regulator said the country's Federal Court found that Google and its Australian arm misled users about the collection and use of personal location data. The data was collected through Android mobile devices between January 2017 and December 2018. This is said to be the world-first enforcement action brought by the Australian Competition and Consumer Commission or ACCC. Morgan Stanley (MS) reported a first-quarter profit that more than doubled from last year, reflecting strong performance across all of its business segment. Net revenues for the quarter grew 61 percent from the previous year. Quarterly adjusted earnings per share beat analysts' estimates.
Follow RTT