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Why Patterson Companies Stock Surged Today

Shares of Patterson Companies (NASDAQ: PDCO) rose by more than 12% on Wednesday as a result of its positive fiscal fourth-quarter earnings report before pulling back to an increase of around 9% as of 11:09 a.m. ET. The dental and veterinary supplies provider reported earnings per share (EPS) of $0.65, significantly above analysts' consensus estimate of only $0.55. Both Patterson's dental supply segment and its animal health segment posted growth, even though its infection control products aren't as in-demand as they were during the early phase of the pandemic.