Henry Schein Inc. (NASDAQ:HSIC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Henry Schein Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.16% to $1.06 in the quarter versus EPS of $0.98 in the year-earlier quarter.
Revenue: Rose 9.27% to $2.29 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Henry Schein Inc. reported adjusted EPS income of $1.06 per share. By that measure, the company missed the mean analyst estimate of $1.07. It beat the average revenue estimate of $2.25 billion.
Quoting Management: “We are pleased to announce another record first-quarter performance, which puts us on the path to achieving our full-year earnings goal,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “While the quarter’s results reflect certain macroeconomic challenges in Europe, as well as some one-time technical factors, our bottom-line performance was in line with our expectations, reinforcing our confidence in the long-term outlook for the Company.”
Key Stats (on next page)…