Henry Schein: 2Q Earnings Snapshot
MELVILLE, N.Y. (AP) _ Henry Schein Inc. (HSIC) on Tuesday reported second-quarter profit of $114.5 million.
On a per-share basis, the Melville, New York-based company said it had profit of 77 cents. Earnings, adjusted for one-time gains and costs, were 84 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The health care products maker posted revenue of $2.45 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.48 billion.
Henry Schein expects full-year earnings in the range of $3.38 to $3.50 per share.
Henry Schein shares have fallen 18% since the beginning of the year. The stock has dropped 20% in the last 12 months.