Sirona Dental Q4 Profit Rises; Issues FY14 Guidance - Quick Facts

(RTTNews) - Sirona Dental Systems Inc.(SIRO), Friday posted higher fourth-quarter net income, with a 12.6 percent increase in revenues. Further, the company announced its full-year 2014 outlook.

Net income attributable to the company was $36.2 million or $0.65 per share, compared with $34.7 million or $0.62 share last year. On an adjusted basis, earnings were $0.81 per share for the fourth quarter. On average,fourteen analysts polled by Thomson Reuters expected the company to report earnings per share of $0.80 for the quarter. Analysts' estimates typically exclude one-time items.

Revenue for the three-month period was $278.6 million, an increase from prior year's $247.3 million. Analysts expected the company to generate revenues of $265.74 million for the quarter.

For the full-year 2014, the company expects constant currency revenue growth to be in the range of 4 percent - 6 percent, reflecting the difficult comparisons created by this year's 20 percent constant currency growth in the company's two largest markets, the U.S. and Germany. Earnings per share, on an adjusted basis, are projected to be between $3.60 and $3.70. Analysts expect the company to report earnings of $3.77 per share.