Henry Schein Guides FY23 EPS Above View; Q4 Adj. EPS Meets Estimates

RTTNews | vor 925 Tagen
Henry Schein Guides FY23 EPS Above View; Q4 Adj. EPS Meets Estimates

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, health care company Henry Schein, Inc. (HSIC) initiated earnings guidance for the full year 2023.

For fiscal 2023, the company now projects earnings in a range of $5.25 to $5.42 per share on net sales growth of 1 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.95 per share on net sales growth of 1.6 percent to $12.82 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company reported net income attributable to the company of $46.8 million or $0.34 per share, sharply down from $147.2 million or $1.05 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $1.07 per share in the year-ago quarter.

Total net sales grew 1.2 percent to $3.37 billion from $3.33 billion in the same quarter last year.

The Street was looking for earnings of $1.21 per share on net sales of $3.34 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Henry Schein Trims FY23 Adj. EPS Outlook As Q1 Results Miss Estimates

Henry Schein Trims FY23 Adj. EPS Outlook As Q1 Results Miss Estimates

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 year 2023, reflecting an estimated $0.05 to $0.10 first year dilution from the Biotech Dental acquisition.
RTTNews | vor 843 Tagen
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | vor 19 Minuten
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | vor 48 Minuten
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | vor 3Std 51 Minuten
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | vor 4Std 34 Minuten
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | vor 5Std 4 Minuten