Headquartered in St. Paul, MN, Patterson Companies Inc. (NASDAQ:PDCO) is one of the leading distributors of dental and companion-pet veterinarian supplies in the United States and Canada.
Currently, Patterson Companies has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 77 cents, which improved 35.1% from the year-ago quarter and beat the Zacks Consensus Estimate of 76 cents.
Sales: Net sales from continuing operations surged 41.6% from the year-ago quarter (at constant currency) to $1.45 billion, but marginally missed the Zacks Consensus Estimate of $1.47 billion.
Key Stats: Patterson Animal Health sales surged 119.3% to $780.8 million, driven by solid contribution from the consumable segment of the business (up 127.7%).
Major Factors: The strong result was driven by robust performance in the U.S. companion animal business, as well as a strong contribution from the company’s U.K. operations.
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this Patterson Companies earnings report later!
PATTERSON COS (PDCO): Free Stock Analysis Report
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