Patterson Companies Inc. (PDCO) reported a year-over-year decline in second-quarter earnings, falling short of analyst expectations. The firm recorded earnings of $26.77 million, or $0.30 per share, compared to $39.96 million, or $0.42 per share, in the same period last year. When excluding special items, the adjusted earnings for the quarter were $41.83 million, or $0.47 per share. Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.49 per share, usually excluding one-time items.
Despite the dip in earnings, the company's revenue for the quarter experienced a modest growth of 1.3%, rising to $1.674 billion from $1.652 billion in the previous year.
Key figures for Patterson Companies Inc. (in accordance with GAAP) are as follows:
- Second-quarter earnings were $26.77 million, down from $39.96 million the previous year.
- Earnings per share (EPS) for the quarter were $0.30, compared to $0.42 last year.
- Revenue for the quarter increased slightly to $1.674 billion from $1.652 billion last year.
**Guidance**: The company has projected full-year earnings per share (EPS) to be in the range of $2.25 to $2.35.
