Dentsply Sirona beats quarterly estimates on strong demand for dental products

DENTSPLY SIRONA

29/02/2024 12:46

Feb 29 (Reuters) - Dentsply Sirona  XRAY.O  posted
fourth-quarter profit and revenue that beat Wall Street
estimates on Thursday, boosted by strong demand for teeth
aligners and dental procedures products.
    Sales of clear teeth aligners have been boosted after
competitor SmileDirectClub  SDCCQ.PK  filed for bankruptcy in
September, the company said in January, echoing similar comments
from Align Technology  ALGN.O  last month.
    Charlotte, North Carolina-based company, which sells clear
dental aligners under SureSmile and Byte, said last month that
its implant business in China and the United States is also
seeing robust growth.    
    The company expects 2024 profit to be between $2.00 and
$2.10 per share, with its mid-point in line with analysts'
expectations of a profit $2.05 per share, according to LSEG
data.
        Dentsply's sales for the fourth quarter rose 2.9% over
the year earlier to $1.01 billion, beating analysts' average
estimate of $976.9 million, according to LSEG data.
    Excluding items, the company earned 44 cents per share for
the quarter ended Dec. 31, compared with analysts average
estimate of 43 cents.

 (Reporting by Puyaan Singh; Editing by Ravi Prakash Kumar)
 ((Puyaan.Singh@thomsonreuters.com;))