MELVILLE (dpa-AFX) - Henry Schein Inc. (HSIC), a provider of health care products and services to office-based dental, animal health and medical practitioners, Monday reported higher earnings for the second quarter, as sales rose by 9.3 percent year-over-year. In addition, the company lifted the lower end of its annual earnings outlook.
Net income attributable to Henry Schein, Inc. increased to $116.2 million from $108.43 million a year ago. Earnings per share grew to $1.35 from $1.23 in the prior-year period. On average, 16 analysts polled by Thomson Reuters expected earnings of $1.33 per share. Analysts' estimates typically exclude special items.
Quarterly sales rose to $2.6 billion from $2.4 billion in the second quarter of 2013, while analysts' consensus was $2.56 billion.
The company now expects annual earnings per share attributable to Henry Schein, Inc. in the range of $5.33 - $5.39 versus the previous guidance of $5.29 -$5.39. Analysts project earnings of $5.38 for the year.
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