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Patterson Companies Inc. Q2 Profit Decreases, but beats estimates

Patterson Companies Inc. (PDCO) reported earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $48.33 million, or $0.49 per share. This compares with $54.06 million, or $0.56 per share, in last year's second quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $57.07 million or $0.58 per share for the period.

Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $1.65 billion from $1.55 billion last year.

Patterson Companies Inc. earnings at a glance:

-Earnings (Q2): $48.33 Mln. vs. $54.06 Mln. last year.
-EPS (Q2): $0.49 vs. $0.56 last year.
-Analyst Estimates: $0.50
-Revenue (Q2): $1.65 Bln vs. $1.55 Bln last year.

-Guidance:
Full year EPS guidance: $2.00 to $2.10

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