Patterson Cos.’ stock soars 10% premarket after earnings blow past estimates

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Patterson Cos. Inc.’s stock soared 10% premarket Wednesday, after the maker of dental and animal care products blew past estimates for its fiscal fourth...

Patterson Cos. Inc.’s stock PDCO soared 10% premarket Wednesday, after the maker of dental and animal care products blew past estimates for its fiscal fourth quarter and offered upbeat guidance. St. Paul, Minn.-based Patterson posted net income of $75 million, or 77 cents a share, for the quarter to April 29, up from $63.9 million, or 65 cents a share, in the year-earlier period. Adjusted per-share earnings came to 84 cents, well ahead of the 70 cent FactSet consensus. Sales rose 5% to $1.

’s stock PDCO soared 10% premarket Wednesday, after the maker of dental and animal care products blew past estimates for its fiscal fourth quarter and offered upbeat guidance. St. Paul, Minn.-based Patterson posted net income of $75 million, or 77 cents a share, for the quarter to April 29, up from $63.9 million, or 65 cents a share, in the year-earlier period. Adjusted per-share earnings came to 84 cents, well ahead of the 70 cent FactSet consensus. Sales rose 5% to $1.

 

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