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Dentsply International's 3Q profit falls

Thu, 10/28/2010 - 10:45am
The Associated Press

Dental products maker Dentsply International Inc. said Thursday its third-quarter profit fell nearly 6 percent on higher costs.

Dentsply said it earned $63.7 million, or 44 cents per share, down from $67.5 million, or 45 cents per share, a year earlier.

Revenue rose 2 percent to $541.8 million from $531.2 million. But, the cost of products sold rose about 4 percent to $269 million while selling, general and administrative expenses rose 2.5 percent to $182.1 million.

Analysts polled by Thomson Reuters had expected profit of 45 cents per share on $530 million in revenue.

Looking ahead, the company narrowed its full-year profit guidance to between $1.86 and $1.91 per share from prior guidance of $1.86 to $1.94 per share. Analysts expect earnings of $1.91 a share, on average.

Shares fell $1.51, or 4.6 percent, to $31.65 in afternoon trading. The stock has traded between $27.76 and $38.15 over the last 52 weeks.

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