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Stock impact report

Henry Schein's stock rallies after earnings and profit beat, restructuring announced [MarketWatch]

Henry Schein, Inc. (HSIC) 
Last henry schein, inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: MarketWatch
Henry Schein's stock rallies after earnings and profit beat, restructuring announced Shares of Henry Schein Inc. HSIC, +5.41% rallied 3.5% in premarket trade Monday, after the health care services company beat profit and sales expectations and raised its earnings outlook, while announcing restructuring actions that include job cuts and facility closings. Net income rose to $141.2 million, or 92 cents a share, from $136.1 million, or 86 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.04, above the FactSet consensus of $1.01. Revenue grew to $3.33 billion from $3.06 billion, topping the FactSet consensus of $3.31 billion, as dental, animal health and medical sales all beat expectations. The company raised its 2018 adjusted EPS outlook to $4.06 to $4.14 from $4.03 to $4.14. Separately, the company said it would record a per-share charge of 22 cents to 27 cents in 2018 as a result of the restructuring. The stock has ra Show less Read more
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