Henry Schein Trims FY23 Adj. EPS Outlook As Q1 Results Miss Estimates

RTTNews | 675 days ago
Stocktwits
Henry Schein Trims FY23 Adj. EPS Outlook As Q1 Results Miss Estimates

(RTTNews) - While reporting financial results for the first quarter on Tuesday, health care company Henry Schein, Inc. (HSIC) trimmed its adjusted earnings guidance for the full year 2023, reflecting an estimated $0.05 to $0.10 first year dilution from the Biotech Dental acquisition.

For fiscal 2023, the company now projects earnings in a range of $5.18 to $5.35 per share on net sales growth of 1 to 3 percent.

Previously, the company expected earnings in a range of $5.25 to $5.42 per share on net sales growth of 1 to 3 percent.

On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $5.33 per share on net sales growth of 1.4 percent to $12.83 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company reported net income attributable to the company of $121 million or $0.91 per share, sharply down from $181 million or $1.30 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $1.44 per share in the year-ago quarter.

Total net sales declined 3.8 percent to $3.06 billion from $3.18 billion in the same quarter last year. Internal sales increased 6.3 percent in local currencies, excluding sales of personal protective equipment (PPE) products and COVID-19 test kits.

The Street was looking for earnings of $1.23 per share on net sales of $3.09 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: HSIC
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CPSC Recalls: Batteries, Bicycles, Heaters, Water Bottles, Stools, Harnesses, Teethers, Safety Gates

CPSC Recalls: Batteries, Bicycles, Heaters, Water Bottles, Stools, Harnesses, Teethers, Safety Gates

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including batteries, bicycles and framesets, desktop heaters, water bottles, stools, climbing harnesses, teethers, and safety gates, among others. Walnut, California-based Sublue Technology Inc. has called back about 40,370 units of Lithium-Ion Batteries sold for Sublue Mix Underwater Scooters citing risk of fire;
RTTNews | 5h 44min ago
U.S. Consumer Sentiment Plunges To Lowest Level In Over Two Years

U.S. Consumer Sentiment Plunges To Lowest Level In Over Two Years

Largely reflecting a substantial deterioration in consumer expectations, the University of Michigan released a report on Friday showing a much steeper than expected drop by its reading on U.S. consumer sentiment in the month of March. The University of Michigan said its consumer sentiment index plunged to 57.9 in March after tumbling to 64.7 in February.
RTTNews | 5h 45min ago
Bay Street Likely To Open Higher On Positive Global Cues

Bay Street Likely To Open Higher On Positive Global Cues

Higher U.S. and Canadian futures, firm commodity prices and rising European stocks point to a positive start for the Canadian market on Friday. Trade war worries might weigh a bit and limit market's upside.
RTTNews | 7h 57min ago
FTSE 100 Advances Despite Weak GDP Data

FTSE 100 Advances Despite Weak GDP Data

Despite data showing an unexpected contraction in the nation's GDP in the month of January, U.K. stocks are up in positive territory on Friday, tracking cues from other major European markets. Bank and mining stocks are among the prominent gainers.
RTTNews | 8h 34min ago
BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
RTTNews | 8h 53min ago
Pound Slides On Weak UK GDP Data

Pound Slides On Weak UK GDP Data

The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
RTTNews | 9h 2min ago
CAC Moderately Higher In Cautious Trade

CAC Moderately Higher In Cautious Trade

French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
RTTNews | 9h 19min ago
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