Dentsply: 2Q Earnings Snapshot
YORK, Pa. (AP) _ Dentsply International Inc. (XRAY) on Friday reported second-quarter net income of $36.4 million, after reporting a loss in the same period a year earlier.
The York, Pennsylvania-based company said it had profit of 16 cents per share. Earnings, adjusted for non-recurring costs, were 66 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The dental products manufacturer posted revenue of $1.01 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion.
Dentsply expects full-year earnings in the range of $2.35 to $2.45 per share.
Dentsply shares have climbed 43% since the beginning of the year, while the Standard & Poor’s 500 index has increased 18%. The stock has risen 13% in the last 12 months.