Patterson Cos. (PDCO) Reports In-Line Q1 EPS; Reiterates Outlook

Patterson Cos. (NASDAQ: PDCO) reported Q1 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.34 billion.

GUIDANCE:

Patterson Cos. reiterates FY2017 EPS of $2.60-$2.70, versus the consensus of $2.65.

"The business turned in a solid performance overall in the first fiscal quarter. Enhancing our operational platform for growth is a top priority for Patterson, and we moved forward with efforts to boost our effectiveness and improve our ability to compete in an evolving marketplace," said Scott Anderson, chairman, president and chief executive officer. "In Dental, we implemented steps to align our go-to-market strategy with shifting customer needs. In Animal Health, our ongoing integration initiatives and progress toward planned synergies remained on track. We are confident in the platform we are building for long-term growth and efficiency."

For earnings history and earnings-related data on Patterson Cos. (PDCO) click here.

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