NEW YORK (AP) — Sirona Dental Systems' fiscal first-quarter earnings were nearly unchanged due to an international sales slump and higher costs.
Still, results in the October-December quarter beat expectations, and shares rose $4.17, or 6 percent, to $73.65 just before the opening bell.
The New York company, which makes dental equipment, said Friday that international revenue fell more than 3 percent. Sirona prioritized shipments to its U.S. market — where sales climbed 29 percent in the fourth quarter — and there were production constraints with its new Omnicam scanner device. The flow of orders was also heavier toward the end of the period, which suggests more sales in the current quarter.
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