DENTSPLY SIRONA Inc.(NASDAQ:XRAY) shares are trading higher on Wednesday.
The company reported second-quarter adjusted earnings per share of 49 cents, missing the street view of 50 cents, and quarterly sales of $984 million, missing the analyst consensus of $995.66 million.
According toWilliam Blairanalyst Brandon Vazquez, largest miss came from Connected Technology Solutions (equipment), which was down 16% on an organic basis.
"Our second quarter results were unfavorably impacted by lower demand in our Connected Technology Solutions segment due to continued macroeconomic and competitive pressure," said Simon Campion, President and Chief Executive Officer.
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