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Why Patterson Companies Stock Is Plunging Today

TheMotleyFool

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Why Patterson Companies Stock Is Plunging TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Shares of Patterson Companies (NASDAQ: PDCO) were plunging 15.1% as of 11:09 a.m. ET on Wednesday. The steep decline came after the dental and animal health company announced its fiscal 2025 first-quarter results before the market opened.

Patterson reported Q1 revenue of $1.54 billion, down 2.2% year over year. The average estimate among analysts surveyed by LSEG was for revenue of $1.59 billion.

The company posted Q1 earnings of $0.15 per share based on generally accepted accounting principles (GAAP). Its adjusted earnings per share were $0.24, well below the consensus estimate of $0.32.

Source Fool.com