Patterson Companies, Inc. (Nasdaq: PDCO), a leading provider of products and services to the dental, animal health, and rehabilitation markets, announced strong fourth-quarter fiscal 2023 earnings. The company reported earnings per share (EPS) of $0.84, surpassing the consensus estimate of $0.70.

Looking ahead to its full-year fiscal 2024, Patterson Companies expects continued growth and anticipates adjusted EPS to be in the range of $2.45 to $2.55. This outlook also exceeds market expectations, with the consensus estimate for the period at $2.34.

In pre-market, $PDCO is currently trading at $31.59, experiencing a notable increase of $3.33 (+11.78%)

In other news, Intel Corporation (Nasdaq: INTC) has announced an agreement to sell a 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations. 

This transaction values IMS at approximately $4.3 billion and is expected to be completed in the third quarter of 2023. Following the sale, IMS will operate as a separate subsidiary and will continue to be led by CEO Dr. Elmar Platzgummer.

This strategic move by Intel aims to accelerate the advancement of critical multi-beam mask writing tools and foster greater collaboration across industries. Multi-beam mask writing tools play a vital role in the semiconductor ecosystem, particularly in the development of Extreme Ultraviolet (EUV) technology.

$INTC is trading at $34.75 in pre-market, down $0.25 (0.71%)

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)