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Henry Schein (HSIC) Tops Q1 Earnings and Revenues Estimate

Headquartered in Melville, NY, Henry Schein Inc.HSIC is a global leading provider of healthcare products and services. The company serves office-based dental, medical and animal health practitioners, dental laboratories, government as well as institutional health care clinics and other alternate-care sites. Presently, Henry Schein serves more than 1 million customers and has operations in 28 countries. The company entered the prestigious Standard & Poor's (S&P) 500 Index in Mar, 2015.

Currently, Henry Schein has a Zacks Rank #2 (Buy) but that could change following its impressive first quarter 2017 earnings report which has just released. (You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.) We have highlighted some of the key details from the just-released announcement below:

Earnings: The Zacks Consensus Estimate remained steady at $1.66 per share over the last 60 days. Henry Schein's adjusted earnings per share of $1.76 beat this estimate by 2.4%.

Henry Schein, Inc. Price and EPS Surprise

Henry Schein, Inc. Price and EPS Surprise | Henry Schein, Inc. Quote

Revenues: Henry Schein posted revenues of $2.92 billion, ahead of the Zacks Consensus Estimate for revenues of $2.83 billion.

Key Stats : Revenues in the first quarter derived from Henry Schein's Dental segment grew 7.9% year over year to $1.40 billion, while Animal Health segment recorded sales of $812.9 million, up 5.4% compared with the prior-year quarter. Revenues from Medical segment increased 11.3% year over year to $598.9 million, while sales from Technology and Value-added services segment grew 4.2% to $105.9 million.

Major Factors : Per management, the markets that Henry Schein serves are growing in a healthy manner and all its four global segments gained solid market share during the quarter. The company affirmed adjusted EPS guidance for 2017.

Stock Price : Following the earnings release, share prices did not show any significant movement in the pre-market trading session.

Check back later for our full write up on this Henry Schein earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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