Animal Health Focused Patterson Sticks To Annual Guidance Through Uncertainty
Portfolio Pulse from Vandana Singh
Patterson Companies Inc (PDCO) reported Q1 FY24 net sales of $1.58 billion, up 3.5% Y/Y, in line with consensus. The company reiterated its FY24 adjusted EPS forecast of $2.45-$2.55. Despite the positive report, PDCO shares are trading 6.5% lower.
August 30, 2023 | 2:52 pm
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Patterson Companies reported Q1 FY24 net sales in line with consensus and reiterated its FY24 adjusted EPS forecast. However, its shares are trading 6.5% lower.
Despite reporting Q1 FY24 net sales in line with consensus and reiterating its FY24 adjusted EPS forecast, Patterson Companies' shares are trading lower. This suggests that the market had higher expectations or there are other factors influencing the stock price.
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RELEVANCE 100