{"id":83936,"date":"2023-11-13T09:30:16","date_gmt":"2023-11-13T14:30:16","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/henry-scheins-stock-falls-after-revenue-miss-and-lowered-guidance\/"},"modified":"2023-11-13T09:30:18","modified_gmt":"2023-11-13T14:30:18","slug":"henry-scheins-stock-falls-after-revenue-miss-and-lowered-guidance","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=83936","title":{"rendered":"Henry Schein\u2019s stock falls after revenue miss and lowered guidance"},"content":{"rendered":"
\n

Henry Schein Inc.\u2019s stock
\n HSIC,
\n +3.07%<\/bg-quote>
\n fell 3.3% in premarket trade Monday, after the provider of dental and medical supplies missed sales estimates for the third quarter and lowered its full-year guidance to reflect a slowing economy. Melville, N.Y.-based Henry Schein had net income of $173 million, or $1.32 a share, for the quarter, after income of $150 million, or $1.09 a share, in the year-earlier period. Adjusted per-share earnings also came to $1.32, matching the FactSet consensus. Sales rose to $3.162 billion from $3.067 billion a year ago, just below the $3.212 billion FactSet consensus. The company narrowed its full-year guidance and now expects adjusted EPS of $4.43 to $4.71. The FactSet consensus is for EPS of $5.20. The new guidance comes from a narrowing of the previous range for underlying EPS of 54.18 to $5.26 from prior guidance of $5.18 to $5.35, to reflect softening macro conditions. The company also expects an estimated 55 cent to 75 cent business interruption impact from a recent cybersecurity incident, excluding any future insurance claim recovery. Sales are expected to be down 1% to 3%, compared with prior guidance for 1% to 3% growth. The stock has fallen 20% in the year to date, while the S&P 500
\n SPX,
\n -0.26%<\/bg-quote>
\n has gained 15%. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Henry Schein Inc.\u2019s stock HSIC, +3.07% fell 3.3% in premarket trade Monday, after the provider of dental and medical supplies missed sales estimates for the third quarter and lowered its full-year guidance to reflect a slowing economy. Melville, N.Y.-based Henry Schein had net income of $173 million, or $1.32 a share, for the quarter, after […]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-83936","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nHenry Schein\u2019s stock falls after revenue miss and lowered guidance | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Henry Schein Inc.\u2019s stock HSIC, +3.07% fell 3.3% in premarket trade Monday, after the provider of dental and medical supplies missed sales estimates for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=83936\" 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