Sirona Gains Despite Flat profits
Dental device company Sirona Medical Systems reports 1st-quarter sales of 5.5% and flat profit growth.
The Long Island City, N.Y.-based dental technology company posted profits of $38.3 million, or 68¢ per share, on sales of $272.4 million for the 3 months ended Dec. 31, 2012. That compares with Q1 2012 profits of $38.3 million, or 67¢ per share, on sales of $258.1 million.
Adjusted to exclude, 1-time items, earnings per share were 94¢, well ahead of the 68¢ expected by Wall Street analysts. SIRO shares were up 3.6% as of about 3 p.m. today, to $72 apiece, since Sirona reported its earnings Feb. 8.