Patterson Companies Reports Fiscal 2020 Third-Quarter Operating Results
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UPDATE: Patterson Cos. (PDCO) Tops Q3 EPS by 11c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus
February 27, 2020 7:08 AM EST(Updated - February 27, 2020 7:09 AM EST)
Patterson Cos. (NASDAQ: PDCO) reported Q3 EPS of $0.47, $0.11 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.42 billion.
Third-quarter reported net sales increased 4.3 percent year-over-year to $1.46 billion; internal sales also increased 4.3 percent.Adjusted operating margin1 increased 40 bps to 4.3 percent.Dental segment internal sales increased 8.0 percent driven by growth in consumables, equipment and value-added services.Animal Health segment internal... More