Envista Holdings Corp (NVST) said after close Wednesday that it earned $0.43 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $631.3 million, missing estimates by $18.2 million.
In the same quarter a year ago, the company earned $0.47 per share on revenue of $631.1 million.
The stock is down 7.57% to $21.23 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Envista Holdings Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 23, putting Envista Holdings Corp in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $22.59 on November 1, 2023 and set a 52-week high on February 2, 2023 at $43.29.
Envista Holdings Corp is a dental products company. It develops, manufactures, and markets portfolios of dental consumables, equipment, and services to dental professionals. The company's business consists of two segments comprising Specialty Products and Technologies and Equipment and Consumables.
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Envista Holdings Corp Down 7.57% To $21.23 After Earnings Miss
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