Dentsply Sirona Inc. (XRAY) announced on Thursday a net loss of $494 million, or $2.46 per share, which is significantly higher than the net loss of $266 million, or $1.25 per share, reported in the same quarter of the previous year. Furthermore, the company has revised its full-year outlook downwards.
Excluding exceptional items, Dentsply Sirona recorded earnings of $0.50 per share, slightly up from $0.49 per share the previous year.
The operating loss for the quarter stood at $462 million, compared to a $236 million loss a year prior.
Quarterly sales experienced a modest increase, rising to $951 million from $947 million in the same period last year.
On average, a group of nine analysts had anticipated that the company would report earnings of $0.47 per share with revenues of $939.1 million for the quarter. Notably, analysts' predictions generally exclude unusual items.
Moving forward, Dentsply Sirona has adjusted its expected earnings per share (EPS) to a range of $1.82 to $1.86, down from the previous range of $1.96 to $2.02. The consensus estimate among analysts was $1.98 per share.
Moreover, the company now projects that organic sales will decline by 3.5 percent to 2.5 percent for the full year. This is a downward revision from the previous expectation of a 1 percent decline to remaining flat.
