Headquartered in St. Paul, MN, Patterson Companies Inc. (PDCO Quick QuotePDCO - Free Report) is one of the leading distributors of dental and companion-pet veterinarian supplies in the United States and Canada.

Currently, Patterson Companies has a Zacks Rank #4 (Sell) but that could change following its first-quarter fiscal 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
 
Earnings: Patterson Companies posted adjusted earnings from continuing operations of 51 cents, which improved 8.5% from the year-ago quarter and was in line with the Zacks Consensus Estimate.

PATTERSON COS Price and EPS Surprise

 

PATTERSON COS Price and EPS Surprise | PATTERSON COS Quote

Sales: Net sales from continuing operations surged 16.6% from the year-ago quarter (up 23.3% at constant currency) to $1.33 billion, which  beat the Zacks Consensus Estimate of $1.32 billion.
 
Key Stats: Patterson Animal Health sales surged 36.8% to $762.6 million, driven by solid contribution from the consumable segment of the business (up 38.3%).
 
Major Factors: The strong result was driven by robust performance in the U.S. companion animal business. Additionally, livestock end markets are starting to improve that holds considerable promise for the long haul.
 
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
 
Check back for our full write up on this Patterson Companies earnings report later!

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