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Stock impact report

Dentsply's stock plummets toward 5 1/2-year low after earnings, revenue outlook slashed [MarketWatch]

DENTSPLY SIRONA Inc. (XRAY) 
Last dentsply sirona inc. earnings: 3/2 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investors.dentsplysirona.com
Company Research Source: MarketWatch
Dentsply's stock plummets toward 5 1/2-year low after earnings, revenue outlook slashed Shares of Dentsply Sirona Inc. XRAY, +1.49% tumbled 18% toward a 5 1/2-year low in premarket trade Tuesday, after the dental products maker beat second-quarter profit and sales expectations, but slashed its full-year outlook citing inventory destocking at dealer partners. The company reported a net loss that widened to $1.12 billion, or $4.98 a share, from $1.05 billion, or $4.58 a share, in the same period a year ago. Excluding non-recurring items, such as a $1.27 billion goodwill and intangible impairment charge, adjusted earnings per share came to 60 cents, above the FactSet consensus of 59 cents. Sales rose to $1.04 billion from $992.7 billion, above the FactSet consensus of $1.02 billion. The company cut its 2018 adjusted EPS guidance range to $2.00 to $2.15 from $2.55 to $2.65, which now assumes that constant-currency revenue declines about 2% compared with previous expectations of 2% grow Show less Read more
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