-=Dentsply Sirona (XRAY) reported earnings on Tue 7 Aug 2018 (b/o)

Dentsply Sirona beats by $0.01, beats on revs; guides FY18 EPS below consensus, revs below consensus 

• Reports Q2 (Jun) earnings of $0.60 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.59; revenues rose 5.0% year/year to $1.04 bln vs the $1.03 bln Capital IQ Consensus.
• Co issues downside guidance for FY18, sees EPS of $2.00-2.15, excluding non-recurring items, vs. $2.57 Capital IQ Consensus Estimate; sees FY18 revs down 2% (implying $3.9 bln) vs. $4.17 bln Capital IQ Consensus Estimate.
  • The reduction in 2018 revenue guidance reflects lowered second half revenue forecast, partially driven by elevated levels of anticipated inventory destocking at dealer partners. The reduction in 2018 EPS guidance reflects the lower revenue expectation and increased margin pressure for the remainder of the year.
  • Previous guidance for adj. EPS of $2.55-2.65 on revs growth of 2%
• "Focused on significant restructuring through remainder of 2018"