Investing.com - Patterson reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson announced earnings per share of $0.63 on revenue of $1.55B. Analysts polled by Investing.com anticipated EPS of $0.3777 on revenue of $1.41B.
Patterson shares are up 51% from the beginning of the year, still down 3.28% from its 52 week high of $32.00 set on December 2. They are outperforming the Nasdaq which is up 37.1% from the start of the year.
Patterson shares gained 11.73% in intra-day trade following the report.
Patterson follows other major Healthcare sector earnings this month
Patterson's report follows an earnings beat by Novo Nordisk ADR on November 3, who reported EPS of $0.69 on revenue of $4.84B, compared to forecasts EPS of $0.6301 on revenue of $4.84B.
Medtronic had beat expectations on November 24 with second quarter EPS of $1.02 on revenue of $7.65B, compared to forecast for EPS of $0.8033 on revenue of $7.1B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar