Dentsply Sirona falls after lower Q2 profit

DENTSPLY SIRONA

03/08/2023 18:08

** Shares of dental product manufacturer Dentsply Sirona
 XRAY.O  fall 3.8% to $39.14
    ** Co reported late on Wednesday 2023 adjusted EPS of 51
cents, down 26% year-over-year as higher expenses drove lower
margins
    ** Analysts were expecting Q2 adj.EPS of 43 cents- Refinitiv
    ** XRAY raised 2023 adj. EPS outlook in the range of
$1.92-$2.02, from $1.85-$2.00 previously  
    ** XRAY says expects adjusted EPS to grow mid-teens
year-over-year in Q3, but sequentially lower due to seasonality 
    ** Including session moves, stock up ~23% YTD 

 (Reporting by Mariam Sunny in Bengaluru)
 ((Mariam.ESunny@thomsonreuters.com;))