Nasdaq Tumbles 1%; Patterson Companies Earnings Beat Views
Portfolio Pulse from Lisa Levin
Nasdaq Composite dropped over 100 points on Wednesday, with Patterson Companies Inc reporting better-than-expected earnings for its fourth quarter. Patterson's net sales increased 5% YoY to $1.72 billion, beating the consensus of $1.66 billion, and adjusted EPS of $0.84 surpassed the analyst consensus of $0.70.
June 21, 2023 | 4:23 pm
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Patterson Companies reported better-than-expected Q4 earnings with net sales of $1.72 billion and adjusted EPS of $0.84, beating analyst consensus.
Patterson Companies' better-than-expected Q4 earnings report, with net sales and adjusted EPS surpassing analyst consensus, is likely to have a positive short-term impact on its stock price as investors react to the strong financial performance.
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