Investing.com - Patrick reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patrick announced earnings per share of $2.43 on revenue of $1.11. Analysts polled by Investing.com anticipated EPS of $1.98 on revenue of $1.09B.
Patrick shares are down 11% from the beginning of the year and are trading at $49.77 , down-from-52-week-high.
Patrick shares gained 7.77% in intra-day trade the report.
Patrick follows other major Consumer Discretionary sector earnings this month
Patrick's report follows an earnings beat by Tesla on October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
McDonald’s had beat expectations on Thursday with third quarter EPS of $2.68 on revenue of $5.87B, compared to forecast for EPS of $2.59 on revenue of $5.72B.
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