Why Dentsply Sirona (XRAY) Shares Are Plunging Today

What Happened? Shares of dental products company Dentsply Sirona (NASDAQ:XRAY) fell 13.4% in the morning session after it reported disappointing third-quarter results, highlighted by a significant earnings miss and a lowered forecast for the full year. While revenue of $904 million declined 4.9% year-over-year, it narrowly beat analysts' expectations. The main concern for investors was profitability, as adjusted earnings per share came in at$ 0.37, missing Wall Street's consensus estimate of $0.45 and fal ...