DENTSPLY International Q1 Profit Down, Confirms FY15 Outlook

(RTTNews) - DENTSPLY International Inc. (XRAY) Wednesday announced a decline in first quarter net income $64 million, or $0.45 per share from $72.9 million, or $0.50 per share last year. On an adjusted basis, net earnings were flat at $0.59 with first quarter of 2014.

On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.57 per share. Analysts estimates usually exclude special items.

Net sales for the first quarter was down 10.1 percent at $656.3 million, from $730.1 million a year ago. Excluding metals content revenue declined 8.4 percent. Wall Street was looking for $690.16 million.

Considering the recent quarter results, strength in the US market, and a slight recovery of the Euro, the company confirmed full-year adjusted earnings in the range of $2.50 to $2.60 per share. Street consensus for the full year is $2.55 per share.