Patterson Cos. (PDCO) Misses Q2 EPS by 4c; Guides Lower
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Patterson Companies Reports Fiscal 2017 Second-Quarter Operating Results
November 22, 2016 7:00 AM ESTReported net sales totaled $1.4 billion, up 2.1 percent. Sales grew 4.1 percent in constant currency. GAAP earnings from continuing operations increased 12 percent to $0.48 per diluted share. Adjusted earnings from continuing operations1 were flat at $0.56 per diluted share. Company elects not to extend the exclusive portion of its Sirona relationship after September 2017, but intends to remain a strategic partner and continue offering the full Sirona product line thereafter. Company revises Fiscal 2017 outlook and expects non-GAAP earnings... More
