DENTSPLY International Inc. (XRAY: Quote) posted lower first-quarter net income attributable to the company of $53.3 million, or $0.37 per share, compared with $69.1 million, or $0.48 per share in the prior-year quarter.
However, excluding non-GAAP items, quarterly adjusted earnings per share were $0.52, higher than $0.50 a year earlier. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $0.52 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales in the recent quarter increased 25.6% to $716.4 million from $570.5 million last year, whereas 10 analysts estimated revenues of $718.72 million for the quarter. Net sales, excluding precious metals content, of $665.6 million went up 26.3% from $527.0 million in the first quarter of 2011. Constant currency net sales growth, excluding precious metals content, was 28.3%, driven largely by acquisitions, but also supported by internal sales growth, which was notably strong in the U.S.
Click here to receive FREE breaking news email alerts for Dentsply International Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News