Patterson Companies Inc. (PDCO) reported a decline in its first-quarter profit, falling short of Wall Street expectations.The firm posted earnings of $13.72 million, or $0.15 per share, compared to $31.23 million, or $0.32 per share, in the same quarter last year.On an adjusted basis, excluding certain items, Patterson Companies Inc. achieved earnings of $21.05 million, or $0.24 per share.Analysts, as surveyed by Thomson Reuters, had projected the company’s earnings to be $0.32 per share, excluding special items.Revenue for the quarter decreased by 2.2%, down to $1.542 billion from last year’s $1.577 billion.Key Financial Metrics:- **GAAP Earnings (Q1):** $13.72 million, versus $31.23 million last year.- **EPS (Q1):** $0.15, compared to $0.32 last year.- **Revenue (Q1):** $1.542 billion, down from $1.577 billion last year.**Guidance:**- Full-year earnings per share (EPS) guidance is projected between $2.33 and $2.43.The material has been provided by InstaForex Company – www.instaforex.com
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