Investing.com - Patterson reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson announced earnings per share of $0.71 on revenue of $1.64B. Analysts polled by Investing.com anticipated EPS of $0.5577 on revenue of $1.59B.
Patterson shares are down 4% from the beginning of the year, still down 20.77% from its 52 week high of $35.29 set on April 18. They are outperforming the Nasdaq which is down 28.53% from the start of the year.
Patterson follows other major Healthcare sector earnings this month
Patterson's report follows an earnings beat by Veeva Systems A on June 1, who reported EPS of $0.99 on revenue of $505.1M, compared to forecasts EPS of $0.9203 on revenue of $495.94M.
Cooper had missed expectations on June 2 with second quarter EPS of $3.24 on revenue of $829.8M, compared to forecast for EPS of $3.43 on revenue of $820.99M.
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