{"id":132615,"date":"2023-05-09T11:31:06","date_gmt":"2023-05-09T11:31:06","guid":{"rendered":"https:\/\/fin2me.com\/?p=132615"},"modified":"2023-05-09T11:31:06","modified_gmt":"2023-05-09T11:31:06","slug":"henry-schein-trims-fy23-adj-eps-outlook-as-q1-results-miss-estimates","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/henry-schein-trims-fy23-adj-eps-outlook-as-q1-results-miss-estimates\/","title":{"rendered":"Henry Schein Trims FY23 Adj. EPS Outlook As Q1 Results Miss Estimates"},"content":{"rendered":"

While reporting financial results for the first quarter on Tuesday, health<\/span> care company Henry Schein, Inc. (HSIC) trimmed its adjusted earnings guidance for the full year 2023, reflecting an estimated $0.05 to $0.10 first year dilution from the Biotech Dental acquisition.<\/p>\n

For fiscal 2023, the company now projects earnings in a range of $5.18 to $5.35 per share on net sales growth of 1 to 3 percent.<\/p>\n

Previously, the company expected earnings in a range of $5.25 to $5.42 per share on net sales growth of 1 to 3 percent.<\/p>\n

On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $5.33 per share on net sales growth of 1.4 percent to $12.83 billion for the year. Analysts’ estimates typically exclude special items.<\/p>\n

For the first quarter, the company reported net income attributable to the company of $121 million or $0.91 per share, sharply down from $181 million or $1.30 per share in the prior-year quarter.<\/p>\n

Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $1.44 per share in the year-ago quarter.<\/p>\n

Total net sales declined 3.8 percent to $3.06 billion from $3.18 billion in the same quarter last year. Internal sales increased 6.3 percent in local currencies, excluding sales of personal protective equipment (PPE) products and COVID-19 test kits.<\/p>\n

The Street was looking for earnings of $1.23 per share on net sales of $3.09 billion for the quarter.<\/p>\n

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While reporting financial results for the first quarter on Tuesday, health care company Henry Schein, Inc. (HSIC) trimmed its adjusted earnings guidance for the full […]<\/p>\n","protected":false},"author":3,"featured_media":132614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nHenry Schein Trims FY23 Adj. EPS Outlook As Q1 Results Miss Estimates - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/henry-schein-trims-fy23-adj-eps-outlook-as-q1-results-miss-estimates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Henry Schein Trims FY23 Adj. 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