DENTSPLY Q2 Profit Up, Beats Estimates; Updates Outlook - Quick Facts

(RTTNews) - DENTSPLY International Inc. (XRAY), a maker of consumable dental products, Thursday reported an increase in earnings for the second quarter, that exceeded the Street estimates by a penny. The company also narrowed its full-year adjusted earnings outlook.

Net income attributable to DENTSPLY International for the second quarter was $87.2 million or $0.60 per share, compared with $80.8 million or $0.56 per share during the same quarter last year.

Excluding certain items, earnings for the three-month period grew 7 percent to $0.66 per share. On average, fourteen analysts polled by Thomson Reuters expected the company to report profit of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales were $761 million, down from $763 million last year. Analysts expected the company to generate revenues of $782.73 million.

Seeing difficult European market conditions, and further headwind in the second half with regard to currency exchange rates, the company now expects its adjusted earnings per share to range between $2.33 to $2.38 per share, narrower than previous expectations of $2.33 to $2.43 per share. Analysts expect the company to report earnings of $2.37 per share for the year.