Sirona Dental Systems Up 10.6% On Earnings Beat (SIRO)

Shares of Long Island City, New York-based Sirona Dental Systems, Inc. SIRO are trading up 10.6% at $49.96 per share during the Friday afternoon trading session. The day's trading range for shares of Sirona Dental Systems, Inc has been between $49.11 and a 52-week high of $51.88 per share. Analysts covering the company's stock give it a consensus price target of $46.36 per share. Volume of 1 million shares is more than triple the daily average volume of 313,000 shares. Sirona Dental Systems, Inc. (SIRO) announced on Friday morning that it beat consensus Wall Street expectations. Sirona Dental Systems, Inc announced 1st quarter adjusted earnings per share of 96 cents, on revenue of $235.6 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 81 cents per share, on revenue of $227.69 million. Sirona Dental Systems, Inc develops, manufactures, and markets a complete line of dental products, including CAD CAM restoration systems (CEREC), digital intra-oral, panoramic and 3D imaging systems, dental treatment centers and handpieces. Read more from Benzinga's Company news.