07:44 AM EDT, 08/28/2024 (MT Newswires) -- Patterson (PDCO) reported fiscal Q1 non-GAAP earnings Wednesday of $0.24 per diluted share, down from $0.40 a year earlier.

Analysts polled by Capital IQ expected $0.32.

Net sales for the fiscal quarter ended July 27 was $1.54 billion, down from $1.58 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.59 billion.

For fiscal 2025, the medical supply company reaffirmed its previous guidance of non-GAAP earnings of $2.33 to $2.43 per diluted share. Analysts polled by Capital IQ expect $2.36.

Shares of the company fell 7% in recent Wednesday premarket activity.

Price: 23.89, Change: -1.80, Percent Change: -7.01