Patterson Cos Beats By A Penny, Reaffirms Guidance (PDCO)

Thu. August 20, 2009; Posted: 08:08 AM

Aug 20, 2009 (SmarTrend(R) News Watch via COMTEX) -- PDCO | Quote | Chart | News | PowerRating -- 8/20/2009-Patterson Companies (NASDAQ:PDCO) reported fiscal 2010 Q1 EPS of 38 cents, topping consensus estimates by a penny. Revenues in the quarter rose 6% year-over-year to $789.6 million, and came in ahead of consensus estimates of $755.9 million. The company reiterated full-year 2010 EPS guidance of $1.70 to $1.80, vs. consensus estimates of $1.73. James W. Wiltz, President and Chief Executive Officer, commented: "Although recessionary conditions will continue to affect our performance for at least several more quarters, we remain optimistic about our prospects. Our businesses enjoy significant competitive advantages, enabling them to capitalize upon the fundamental, long-term strength of their markets. In addition, Patterson is continuing to generate substantial operating cash flows, which are ample for supporting our various growth initiatives."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Patterson Companies Inc (PDCO) click here. Patterson Companies Inc (PDCO) has Short Term PowerRatings of 6. Details on Patterson Companies Inc (PDCO) Short Term PowerRatings is available at This Link.

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