Dentsply Sirona Inc. said its second-quarter earnings grew 8.1% year over year and it raised its adjusted EPS outlook for 2019.
Non-GAAP net income attributable to the company totaled $147.9 million, or 66 cents per share, up from $136.8 million, or 60 cents per share, in the year-ago period.
The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter is 63 cents.
Net sales for the Charlotte, N.C.-based healthcare supplier fell 3.1% year over year to $1.01 billion from $1.04 billion.
On a GAAP basis, second-quarter net income attributable to the company amounted to $36.4 million, or 16 cents per share, compared to a loss of $1.12 billion, or a loss of $4.98 per share, a year earlier.
For full year 2019, the company raised its adjusted EPS guidance to the range of $2.35 to $2.45, compared to its previous outlook of $2.30 to $2.40.
Meanwhile, Dentsply Sirona expects revenue to reach $3.95 billion to $4.05 billion for the full year.
The S&P Global Market Intelligence consensus normalized EPS estimate for 2019 is $2.36.