Dentsply Sirona Falls Over 4% Following Q1 Results - Read Why
Portfolio Pulse from Nabaparna Bhattacharya
Dentsply Sirona Inc. (NASDAQ:XRAY) shares fell over 4% after Q1 results showed earnings per share in line with expectations but revenue missed forecasts. Sales declined 2.6% YoY, with mixed performance across segments. The company maintained its 2024 outlook but expects results at the lower end of its guidance due to macroeconomic factors and revised its reported sales forecast due to currency headwinds.
May 02, 2024 | 4:46 pm
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Dentsply Sirona's Q1 results led to a 4% drop in its stock price, with revenues missing expectations and a cautious outlook for 2024.
The stock price fell due to the revenue miss and cautious guidance for 2024, indicating investor concern over future performance. The mixed segment performance and macroeconomic challenges add to the negative sentiment.
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