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Stock impact report

Dentsply Sirona on pace for worst day in 5 years on 2018 earnings slash [CNBC]

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: CNBC
Source: Sirona Dental Dental supplies maker Dentsply Sirona shares dropped on Tuesday after the company cut its earnings and revenue estimates for 2018, citing destocking from partner dealers. Shares tanked as much as 19 percent, putting the stock on track for its worse day in over five years, after the company announced that it expects earnings of $2.00 to $2.15 per share for 2018, down from their previous forecast of $2.55 to $2.65. The company said it expects revenue for the year to decline 2 percent as a result of inventory destocking by partners who sell Dentsply Sirona products. The dental supplies manufacturer also reported second-quarter earnings of 60 cents per share, slightly better than an expected 58 cents by a consensus of analysts, according to Thomson Reuters, but five cents per share below earnings from the same quarter last year. Revenue for the quarter was $1.04 billion, also just above consensus estimates. We are clearly not Show less Read more
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