Dentsply: 3Q Earnings Snapshot
YORK, Pa. (AP) _ Dentsply International Inc. (XRAY) on Thursday reported third-quarter earnings of $28 million.
On a per-share basis, the York, Pennsylvania-based company said it had profit of 13 cents. Earnings, adjusted for non-recurring costs, came to 38 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The dental products manufacturer posted revenue of $928.4 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $952.8 million.
Dentsply expects full-year earnings in the range of $2 to $2.15 per share.
Dentsply shares have declined 44 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 5 percent. In the final minutes of trading on Thursday, shares hit $36.80, a drop of 43 percent in the last 12 months.