Patterson Companies (PDCO) reported second quarter net income of $0.44 per share Tuesday morning, compared to $0.43 per share a year ago. The consensus estimate was for EPS of $0.49. The company also lowered its full year 2013 EPS forecast to between $2.00 and $2.06, from prior expectations of $2.10 to $2.16. The consensus estimate is for EPS of $2.12.
Patterson Companies gapped open sharply lower Tuesday and is now down 2.21 at $33.81. The stock has dropped to a 2-week low and has fallen below both its 50 and 200-day moving averages.
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