Sirona Q2 Profit Tops View; Backs FY14 Forecast - Quick Facts

(RTTNews) - Sirona Dental Systems Inc. (SIRO) Friday reported second-quarter net earnings of $37.3 million or $0.66 per share versus $31.8 million or $0.56 per share in the prior year period.

On an adjusted basis, earnings totaled $0.80 per share, while it was $0.75 per share last year. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $0.78 for the quarter. Analysts' estimates typically exclude one-time items.

Second-quarter revenues improved 5.7 percent to $282.7 million from $267.3 million, while it was up 2.9 percent on a constant currency basis. Analysts estimated revenues of $274.37 million for the quarter.

Further, the company backed its full-year forecast for 2014 and continues to expect adjusted earnings per share in the range of $3.60- $3.70, on constant currency revenue growth of 4 percent - 6 percent. Analysts project full-year earnings of $3.66 per share on revenues of $1.17 billion.