logo
Plus   Neg
Share
Email

Dentsply Sirona Raises 2019 Guidance - Quick Facts

Dentsply Sirona Inc. (XRAY) said, in the second quarter, gross margin improved 130 basis points compared to prior year, and adjusted operating income margin expanded to over 20%. Based on the second-quarter financial performance, the company increased its adjusted EPS guidance for 2019.

For 2019, the company now expects adjusted earnings per share to $2.35 to $2.45, up from the previous range of $2.30 to $2.40. Reported revenue guidance range is estimated in a range of $3.95 to $4.05 billion. Internal sales growth is in the range of 4% to 5%. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.36 on revenue of $4.03 billion. Analysts' estimates typically exclude special items.

For the second-quarter, non-US GAAP EPS was $0.66 compared to $0.60, prior year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63, for the quarter.

Second-quarter reported revenues were $1.01 billion, down 3.1% versus prior year and increased 3.0% on an internal sales growth basis. Analysts expected revenue of $1.04 billion for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A New York regulator has launched an investigation into the credit card practices of Goldman Sachs Group Inc. for alleged gender discrimination in determining limits for Apple's new credit card, which is administered by Goldman Sachs. The Apple Card, Apple's first credit card, was introduced by the tech giant in March this year in partnership with Goldman Sachs and Mastercard. The U.S. Food and Drug Administration approved the first therapy for patients with a rare inherited blood disorder called beta thalassemia. Celegene's Reblozyl is also the first and only FDA-approved erythroid maturation agent, a new class of therapy for such patients. The regulator approved Reblozyl for treating anemia in adult patients with beta thalassemia who require regular RBC transfusions. McDonald's is adding renewable energy to the grid, as part of its efforts to address climate change. The fast-food giant said it signed two long-term, large-scale virtual power purchase agreements or VPPAs to buy renewable energy generated by wind and solar power. Under the agreements, McDonald's will buy a combined 380MW in renewable energy.
RELATED NEWS
Follow RTT
>