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Sirona Dental 3Q net income falls 19 percent

Tue, 08/03/2010 - 5:45am
The Associated Press

Dental equipment maker Sirona Dental Systems Inc. said Tuesday its fiscal third-quarter net income fell 19 percent on higher expenses.

The company reported net income of $16.6 million, or 29 cents per share, for the three months ended June 30, down from $20.5 million, or 37 cents per share, a year ago.

Revenue rose 1 percent to $182.4 million from $180.6 million.

Analysts polled by Thomson Reuters expected net income of 50 cents per share on $186.2 million in revenue.

During the quarter, the company recorded a $6 million loss on foreign currency transactions and a $2.6 million loss on derivative investments.

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