Dentsply: 2Q Earnings Snapshot
YORK, Pa. (AP) _ Dentsply International Inc. (XRAY) on Tuesday reported a loss of $1.12 billion in its second quarter.
The York, Pennsylvania-based company said it had a loss of $4.98 per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The dental products manufacturer posted revenue of $1.04 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $1.03 billion.
Dentsply expects full-year earnings in the range of $2 to $2.15 per share.
Dentsply shares have fallen 26 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 7 percent. The stock has decreased 21 percent in the last 12 months.