Sirona Dental Systems Inc. (NASDAQ:SIRO) posted better-than-expected quarterly earnings, helped by double-digit revenue growth, sending its shares 4.2 percent higher to $45.00 in Friday's pre-market trading.
Net income fell to $13.8 million or 24 cents per share for the fourth quarter from $24.7 million or 44 cents per share in the corresponding period of last year.
On a non-GAAP basis, earnings per share increased to 68 cents from 44 cents in the year-ago quarter.
Revenue rose 19.6 percent, or 11.8 percent on a constant currency basis, to $218.8 million. Revenue at the company's CAD/CAM Systems segment grew 10.9 percent. Revenue at Imaging Systems segment soared 42.9 percent, while revenue at Instruments segment rose 11.3 percent, the company said.
Analysts, on average, polled by Thomson Reuters expected the company to earn 62 cents a share on revenue of $213.96 million.
Looking ahead for the full year, the company sees revenue growth in the range of 6 percent to 8 percent on a constant currency basis.
New, York-based Sirona, which has been trading in the 52-week range between $32.00 and $57.87, ended Thursday's regular trading session at $43.45.
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