Patterson Cos Q1 Adj EPS $0.40, Inline, Sales $1.576B Miss $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Patterson Cos reported Q1 adjusted earnings of $0.40 per share, in line with analyst estimates, marking a 25% YoY increase. However, the company's quarterly sales of $1.576 billion missed the consensus estimate of $1.58 billion by 0.25%, despite a 3.48% YoY increase.
August 30, 2023 | 11:01 am
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Patterson Cos' Q1 earnings met expectations, but sales slightly missed estimates. This mixed report may lead to uncertain market reactions.
Patterson Cos' earnings were in line with expectations, which is positive. However, their sales missed estimates, which is negative. These mixed results may lead to a neutral or uncertain market reaction in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100