Dental Equipment Distributor Henry Schein Reports Mixed Q2 Earnings, Cuts Guidance And Warns Slower Recovery From Cyberattack
Portfolio Pulse from Vandana Singh
Henry Schein Inc (NASDAQ:HSIC) reported mixed Q2 earnings with adjusted EPS of $1.23, slightly beating expectations, but sales of $3.10 billion missed the consensus. The company cut its 2024 guidance due to slower recovery from a cyberattack and challenging economic conditions. HSIC stock fell by 5.91%.
August 06, 2024 | 1:43 pm
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Henry Schein reported mixed Q2 earnings, with adjusted EPS of $1.23 beating expectations but sales of $3.10 billion missing the consensus. The company cut its 2024 guidance due to slower recovery from a cyberattack and challenging economic conditions. HSIC stock fell by 5.91%.
The mixed earnings report, coupled with a cut in 2024 guidance and slower recovery from a cyberattack, has led to a negative market reaction, causing the stock to drop by 5.91%.
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