Henry Schein Inc. (HSIC) reported third quarter net income attributable to company of $96.42 million or $1.05 per share, compared to $67.49 million or $0.74 per share last year.
Income from continuing operations attributable to company was $94.05 million or $1.03 per share, compared to $67.55 million or $0.74 per share in the prior year quarter.
Excluding items, non-GAAP income from continuing operations for the quarter was $72.9 million or $0.80 per share, compared to $70.59 million or $0.77 per share in the prior year quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.82 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $1.66 billion, up from $1.64 billion a year ago. Nine analysts had a consensus revenue estimate of $1.64 billion.
Looking ahead, the company expects fourth quarter 2009 diluted earnings per share attributable to company to be $0.89 to $0.91. Analysts expect the company to report earnings of $0.96 per share for the fourth quarter.
The company now predicts 2009 diluted earnings per share attributable to company to be $3.14 to $3.16, excluding items. Analysts expect the company to report earnings of $3.23 per share for 2009.
The company also estimates 2010 diluted earnings per share attributable to company to be $3.40 to $3.56, representing growth of 8% to 13% compared with the midpoint of 2009 guidance. Analysts expect the company to report earnings of $3.56 per share for 2010.
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