MELVILLE (dpa-AFX) - Henry Schein Inc. (HSIC) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $110 million, or $0.88 per share. This compares with $93 million, or $0.72 per share, last year.
Excluding items, Henry Schein Inc. reported adjusted earnings of $143 million or $1.15 per share for the period.
Analysts on average had expected the company to earn $1.11 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.1% to $3.168 billion from $3.172 billion last year.
Henry Schein Inc. earnings at a glance (GAAP) :
-Earnings: $110 Mln. vs. $93 Mln. last year. -EPS: $0.88 vs. $0.72 last year. -Revenue: $3.168 Bln vs. $3.172 Bln last year.
Looking ahead, the company continues to expect fiscal 2025 adjusted EPS to be in the range of $4.80 to $4.94, with sales growth of 2% to 4%. Analysts expect the company to report earnings of $4.84 per share on sales increase of 2.65%.
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