Patterson Companies Inc. (PDCO) revealed a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $13.72 million, or $0.15 per share. This compares with $31.23 million, or $0.32 per share, in last year's first quarter.
Excluding items, Patterson Companies Inc. reported adjusted earnings of $21.05 million or $0.24 per share for the period.
Analysts on average had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.2% to $1.542 billion from $1.577 billion last year.
Patterson Companies Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $13.72 Mln. vs. $31.23 Mln. last year.
-EPS (Q1): $0.15 vs. $0.32 last year.
-Revenue (Q1): $1.542 Bln vs. $1.577 Bln last year.
-Guidance:
Full year EPS guidance: $2.33 - $2.43
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