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Patterson Companies Inc. Q2 Profit Increases, beats estimates

Patterson Companies Inc. (PDCO) revealed earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $54.07 million, or $0.55 per share. This compares with $48.33 million, or $0.49 per share, in last year's second quarter.

Excluding items, Patterson Companies Inc. reported adjusted earnings of $61.16 million or $0.63 per share for the period.

Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $1.63 billion from $1.65 billion last year.

Patterson Companies Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $54.07 Mln. vs. $48.33 Mln. last year.
-EPS (Q2): $0.55 vs. $0.49 last year.
-Analyst Estimate: $0.57
-Revenue (Q2): $1.63 Bln vs. $1.65 Bln last year.

-Guidance:
Full year EPS guidance: $2.25 to $2.35

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