Dentsply reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dentsply announced earnings per share of $0.43 on revenue of $874.3M (NYSE:MMM). Analysts polled by anticipated EPS of $0.38 on revenue of $878.95M. That with comparison to EPS of $0.49 on revenue of $946.2M in the same period a year before. Dentsply had reported EPS of $0.73 on revenue of $1.11B in the previous quarter. Analysts are expecting EPS of $0.43 and revenue of $834.68M in the upcoming quarter.
Dentsply shares are down 27% from the beginning of the year , still down 32.54% from its 52 week high of $60.87 set on January 22. They are under-performing the Nasdaq which is down 0.66% year to date.
Dentsply follows other major Healthcare sector earnings this month
Dentsply's report follows an earnings beat by J&J on April 14, who reported EPS of $2.3 on revenue of $20.69B, compared to forecasts EPS of $2.02 on revenue of $19.73B.
Pfizer had beat expectations on April 28 with first quarter EPS of $0.8 on revenue of $12.03B, compared to forecast for EPS of $0.73 on revenue of $11.81B.
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