UPDATE 2-Patterson wins back confidence as results beat Street
* Q3 EPS 45 cents beats Street by 1 cent
* Sales rise 4 pct to $811 mln
* Solid dental-equipment sales buck low expectations
* Shares jump as much as 13 pct (Recasts; adds background, details, analysts' comments; updates stock movement)
By Aradhana Aravindan
BANGALORE, Feb 19 (Reuters) - Dental supplies and equipment distributor Patterson Cos Inc's (PDCO.O: Quotazione) quarterly profit edged past market estimates, restoring confidence in investors who were expecting a weak performance in the face of tighter hospital spending.
The company's stable performance in the quarter was reassuring, William Blair analyst John Kreger said. But he maintained a "market perform" rating on Patterson's stock on concerns related to equipment-buying trends over the next few quarters.
Many hospitals and doctors are curtailing their medical-equipment purchases to preserve cash amid tough credit conditions.
But Patterson's sales of dental equipment and software rose 5 percent for the third quarter ended Jan. 24. Continua...