Sirona Dental Systems Inc.'s (SIRO) second quarter of 2013 net income attributable to the company was $31.7 million, or $0.56 per share, up from $30.5 million, or $0.54 per share in the prior year period. Non-GAAP adjusted earnings per share for the second quarter of 2013 was $0.75 compared to $0.67 in the prior year quarter or an increase of 11.3%.
Revenue for the quarter was $267.3 million, an increase of $35.5 million or up 15.3% year-over-year, and up 14.7% on a constant currency basis.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share on revenues of $255.81 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2013, the company now anticipates non-GAAP adjusted earnings per share to be in the range of $3.36 to $3.43, compared to previous guidance of $3.33 to $3.43.
The company now anticipates fiscal 2013 constant currency revenue growth at 10% to 12%, compared to prior estimate of 9% to 11% growth.
Analysts expect the company to report earnings of $3.45 per share on revenues of $1.09 billion for fiscal 2013.
Separately, Sirona announced that its Board has approved a new share repurchase program, authorizing up to an additional $100 million in share repurchases, with an expiration date of June 30, 2016. This amount is in addition to the $7.4 million remaining as of March 31, 2013 from the company's prior $100 million share repurchase authorization announced in August 2011.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.