Patterson Companies (PDCO) Misses On Earnings & Sales In Q2
Zacks Investment Research | Nov 20, 2017 08:25PM ET
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 #4 (Sell) but that could change following its second-quarter fiscal 2018 earnings report which has just released. You can see We have highlighted some of the key details from the just-released announcement below:
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 51 cents, which fell from 56 cents in the year-ago quarter. Furthermore, earnings came below the Zacks Consensus Estimate of 54 cents.
Sales: Net sales fell 2.3% from the year-ago quarter to $1.39 billion, which also missed the Zacks Consensus Estimate of $1. 42 billion. However, adjusting for the effects of foreign currency exchange, sales declined 2.8% on a year-over-year basis.
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