Investing.com - Patterson reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson announced earnings per share of $0.33 on revenue of $1.25B. Analysts polled by Investing.com anticipated EPS of $0.23 on revenue of $1.18B.
Patterson shares are up 37% from the beginning of the year, still down 7.19% from its 52 week high of $30.34 set on September 2. They are outperforming the Nasdaq which is up 31.85% from the start of the year.
Patterson shares lost 2.86% in intra-day trade following the report.
Patterson follows other major Healthcare sector earnings this month
Patterson's report follows an earnings matched by Novo Nordisk ADR on August 7, who reported EPS of $0.72 on revenue of $4.77B, compared to forecasts EPS of $0.72 on revenue of $4.75B.
Medtronic had beat expectations on August 25 with first quarter EPS of $0.62 on revenue of $6.5B, compared to forecast for EPS of $0.19 on revenue of $5.44B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar