Patterson Companies slips on Q1 profit miss

Patterson Companies

01/09/2022 14:10

** Medical supplies provider Patterson Companies Inc's
shares  PDCO.O  fall 4.88% to $27 before the bell
    ** PDCO reports Q1 adjusted profit of 32 cents per share
missing Wall Street's estimates of 38 cents per share, according
to Refinitiv IBES 
    ** Co's quarterly net sales drop 5.7% to $1.5 bln as dental
business hit by moderation in demand for infection control
products  urn:newsml:reuters.com:*:nBw2D7YT3a
    ** 11 of 14 brokerages rate the stock "hold", 2 "buy" and 1
"strong buy"; their median PT is $34- Refinitiv data
    ** Up to Wednesday's close, stock had fallen ~5% YTD

 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))