DENTSPLY International Inc. (XRAY) reported that its first-quarter net income attributable to company increased to $71.7 million or $0.49 per share, from $53.3 million or $0.37 per share last year. On an adjusted basis, earnings were $0.52 per share for both the first quarter of 2013 and 2012, respectively.
Net sales increased 2.2% to $732.1 million from $716.4 million last year. Net sales, excluding precious metals content, was $672.6 million increased 1.1% from $665.6 million in the first quarter of 2012.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $0.56 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $732.87 million for the quarter.
The company revised its expectations for adjusted earnings per share for 2013 to a range of $2.33 to $2.43. Analysts expect the company to report 2013 profit per share of $2.43.
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