DENTSPLY SIRONA Inc. (XRAY - Free Report) is one of the leading worldwide manufacturers’ dental consumables, dental laboratory products, dental specialty products and consumable medical device products. Post DENTSPLY-SIRONA merger, the business has been organized into two reporting segments: Dental & Healthcare Consumables and Technologies.
Currently, this York, PA- based company carries a Zacks Rank #3 (Hold) but that could change following its second quarter 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank stocks here.) We have highlighted some of the key details from the just-released announcement below:
Earnings: DENTSPLY reported adjusted earnings of 65 cents per share, which missed the Zacks Consensus Estimate by a penny and was lower than earnings of 76 cents in the year-ago quarter.
Revenues: DENTSPLY’s net sales decreased to $992.7 million from $1,022.0 million in the year-ago period. This also came below the Zacks Consensus Estimate of $1,004.0 million. Sales of the combined businesses fell 2.2% at constant currency (cc) basis.
Key Stats: Dental and Healthcare Consumables sales rose 3.0% year over year at cc, while Technologies fell 5.6% in the quarter.
Major Factors: U.S. business in the second quarter was negatively impacted by inventory reduction related to a change in distribution strategy in North America and lower equipment sales to end-users. The company expects adjusted EPS for full year 2017 in the range of $2.65 to $2.75 per diluted share.
Check back later for our full write up on this DENTSPLY earnings report later!
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