Patterson Companies tumbles on Q1 profit miss

Patterson Companies

28/08/2024 12:22

** Shares of medical device supplier Patterson Companies
 PDCO.O  fall ~14% to $22.09 premarket
    ** Co reports Q1 adj. profit of 24 cents/shr vs analysts'
average estimate of 32 cents/shr - LSEG data
    ** Says profit was negatively impacted by the cybersecurity
attack on Change Healthcare 
    ** Co's quarterly revenue of $1.54 bln misses analysts'
average expectation of $1.59 bln 
    ** Up to last close, stock down 9.7% YTD
    

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))