Dentsply Sirona sinks after company lowers annual profit forecast

DENTSPLY SIRONA

07/11/2024 15:20

** Dental products maker Dentsply Sirona's  XRAY.O  shares fall
19.1% to $19.41, lowest in more than 2 decades
** Company forecasts annual adj profit per share between $1.82
and $1.86, down from its prior forecast range of $1.96 to $2.02
** Dentsply says forecast cut due to voluntary suspension of
sales, marketing, and shipments of its Byte Aligners and
Impression Kits
    ** Last month, XRAY said it was suspending these products as
it conducts a review of certain regulatory requirements related
to them
    ** Company reports Q3 adj profit of 50 cents/shr vs est 47
cents/shr - LSEG
    ** XRAY's quarterly revenue of $951 mln beats est $939.1 mln
    ** Including session's move, stock down 45.1% YTD

(Reporting by Christy Santhosh)
((Christy.Santhosh@thomsonreuters.com))