Sirona Dental Systems Q1 Profit Increases

(RTTNews) - Sirona Dental Systems Inc. (SIRO) Monday announced an increase in first quarter net income attributable to the company of $51.3 million from $46 million last year. On a per share basis, earnings rose to $0.91 from $0.82 last year. Adjusted net income was $56.2 million or $0.99 per share.

On average, 8 analysts polled by Thomson Reuters expected the company to earn $0.98 per share. Analysts estimates usually exclude special items.

Revenue for the quarter climbed to $304.2 million from $293 million a year ago. Wall Street expected the company to earn $300.43 million.

The dental technology company said it expects merger with Dentsply to close in the first calendar quarter of 2016.