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0 0 0.00112460638776438 0.00427350427350438 0.00809716599190282 0.0112460638776428 0.0139451192082772 0.0103463787674314
Stock impact report

Why Patterson Companies Stock Is Plunging Today [Yahoo! Finance]

Patterson Companies, Inc. (PDCO) 
Last patterson companies, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
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. What's behind Patterson's disappointing numbers? Patterson Companies' CEO, Don Zurbay, blamed the disappointing fiscal 2025 Q1 results primarily on a "greater than anticipated impact of the Change Healthcare cybersecurity attack." In February 2024, a cyberattack on Change Healthcare, a subsidiary of UnitedHealth Group , crippled its systems. This created a backlog of unpaid claims that caused problems for many healthcare companies. That wasn't Patterson's only difficulty, though. Zurbay Show less Read more
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