Patterson Companies slips on Q1 profit miss

Patterson Companies

30/08/2023 13:30

** Dental and animal health products distributor Patterson
Companies'  PDCO.O  shares fall 5.5% to $31.5 premarket 
    ** Co reports Q1 adj. earnings of 32 cents/shr, missing Wall
Street estimates of a profit of 40 cents/shr - Refinitiv
    ** PDCO reaffirms FY adj. earnings in the range of $2.45 to
$2.55 per diluted share, compared with analysts' average
expectation of $2.50
    ** Co says FY results to be affected by macro headwinds
    ** PDCO was up 18.9% YTD, as of last close 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))