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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