Patterson Cos. Q2 Profit Rises, Tops Estimates; Reaffirms FY23 Outlook

RTTNews | 881天前
Patterson Cos. Q2 Profit Rises, Tops Estimates; Reaffirms FY23 Outlook

(RTTNews) - Patterson Cos. Inc. (PDCO) reported Thursday that second-quarter net income attributable to the company grew to $54.07 million or $0.55 per share from $48.33 million or $0.49 per share in the prior-year quarter.

Excluding items, adjusted net income attributable to Patterson was $0.63 per share, compared to $0.58 per share in the year-ago quarter.

Consolidated net sales for the quarter declined 1.4 percent to $1.63 billion from $1.65 billion in the same quarter last year.

On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share on sales of $1.67 billion for the year. Analysts' estimates typically exclude special items.

Internal sales, which are adjusted for the effects of currency translation, increased 0.7 percent.

Looking ahead to fiscal 2023, the company continues to project earnings in a range of $1.96 to $2.06 per share and adjusted earnings in a range of $2.25 to $2.35 per share. The Street is looking for earnings of $2.26 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Patterson Trims FY24 Outlook - Update

Patterson Trims FY24 Outlook - Update

While reporting financial results for the second quarter on Wednesday, medical supplies company Patterson Companies Inc. (PDCO) trimmed its earnings and adjusted earnings guidance for the full-year 2024.
RTTNews | 518天前
Patterson Reaffirms FY24 Outlook - Update

Patterson Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, medical supplies company Patterson Companies Inc. (PDCO) reaffirmed its earnings and adjusted earnings guidance for the full-year 2024.
RTTNews | 609天前
Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Companies, Inc. (PDCO) announced Thursday enhancements to its executive leadership team to further support the execution of its strategy. Kevin Barry, most recently the Company's Interim Chief Financial Officer, has been named Chief Financial Officer, and Kevin Pohlman, most recently President of Patterson Animal Health, has been named Chief Operating Officer.
RTTNews | 867天前
TSX Down Nearly 1% Despite Coming Off Early Lows

TSX Down Nearly 1% Despite Coming Off Early Lows

Despite staging a fairly strong recovery after an early setback, the Canadian market remains firmly down in negative territory a little past noon on Wednesday, with stocks from energy, technology and healthcare sectors reeling under selling pressure. Disappointing Canadian and U.S. GDP data, and Trump administration's policy uncertainty are weighing on sentiment.
RTTNews | 57分鐘前
German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months

German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months

Germany's consumer price inflation slowed for a second straight month in April to its lowest level in six months as energy prices continued to fall, but the core price growth accelerated for the first time since December as services cost growth increased, which warrants caution from the European Central Bank that is set to reduce interest rates further.
RTTNews | 1小時7分鐘前
U.S. Pending Home Sales Unexpectedly Spike 6.1% March

U.S. Pending Home Sales Unexpectedly Spike 6.1% March

Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
RTTNews | 2小時41分鐘前