Dentsply Sirona's Second-Quarter Results Hindered by Weakening Technology Outlook
Dentsply Sirona's second-quarter results were weaker than expected, leading the company to reduce its year-end outlook. Management's lower forecast for equipment sales resulted in an approximate $1.1 billion goodwill impairment charge associated with CAD/CAM and imaging reporting units. We don’t anticipate a major change in our fair value estimate while we leave our no-moat rating intact. Dentsply now expects adjusted 2017 EPS in the range of $2.65-$2.75, down from its previous guidance of $2.80...DENTSPLY SIRONA is a manufacturer of dental products and technologies. The company's Consumables segment is responsible for the design, manufacture, sales and distribution of the company's dental consumable products which include preventive, restorative, endodontic, and dental laboratory products. The company's Technologies and Equipment segment includes responsibility for the design, manufacture, sales and distribution of the company's dental technology and equipment products and healthcare consumable products, including dental implants, computer-aided design/computer-aided manufacturing systems, orthodontic clear aligner products, imaging systems, treatment centers, instruments, and consumable medical device products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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