Sirona Dental Q4 Earnings Rise, Results Beat Estimates - Quick Facts

(RTTNews) - Sirona Dental Systems Inc. (SIRO) Friday reported a rise in earnings for its fiscal fourth quarter, helped by gross margin improvement and a 4.1 percent growth in revenue. Both earnings and revenues also surpassed analysts' expectations.

The company said it saw particularly strong growth in Germany and Asia Pacific, which helped offset a 8.3 percent revenue decline in the U.S.

For the 3-month period, net earnings increased to $42.7 million, or $0.76 a share, from $36.2 million, or $0.65 a share, a year earlier.

Excluding certain items, earnings of $0.93 a share exceeded the $0.90 average estimate of twelve analysts polled by Thomson-Reuters. Analysts' estimates typically exclude one-time items.

Revenues increased to $290 million, from $278.6 million last year, above the $286.32 million Wall Street expected.

For fiscal 2015, the company expects earnings, on an adjusted basis, of $3.95 to $4.05 per share on revenue growth of 6 to 8 percent, in local currencies.