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Sirona Dental Systems (SIRO) Rose To A New High After Q4 Earnings Beat Consensus

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Sirona Dental Systems (SIRO: Quote) reported fourth quarter non-GAAP EPS of $0.71 Friday morning, which beat the consensus estimate of $0.70. Full year 2013 non-GAAP EPS is expected to be between $3.33 and $3.43. The consensus estimate is for EPS of $3.37.

The company also announced that its board of directors has unanimously approved a CEO succession plan. Effective February 20, 2013, Jeffrey Slovin will be promoted to CEO.

Sirona Dental Systems gapped open higher Friday and climbed in early trade, before settling into a range. The stock closed up by 4.32 at $61.39, with volume at over an 11-month high. Sirona Dental Systems broke out of a 2-month range and set a new high for the year.

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by RTT Staff Writer

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