Henry Schein falls after missing Q3 revenue estimates

Henry Schein

05/11/2024 15:56

** Dental and medical equipment distributor Henry Schein's
 HSIC.O  shares fall 2.5% to $70.56
    ** Company's Q3 revenue of $3.17 bln misses est compiled by
LSEG of $3.24 bln, hurt by lower sales of personal protective
equipment and slow recovery from a cyberattack the company
disclosed in October last year
** HSIC had faced disruptions in manufacturing and distribution
units after the cybersecurity breach, which caused it to take
some of its systems offline
    ** Company raises lower end of its adj annual EPS forecast
to $4.74 from prior view of $4.70, while maintaining upper end
at $4.82
    ** HSIC reports Q3 adj EPS of $1.22 above est $1.17
    ** 5 of 14 brokerages rate stock "buy" or higher, 6 "hold";
3 "sell"; median PT $75 - LSEG
    ** Including session's move, stock down 6.8% YTD

(Reporting by Sukriti Gupta in Bengaluru)
((Sukriti.Gupta@thomsonreuters.com))