MELVILLE, N.Y. (AP) — Henry Schein Inc. (HSIC) on Tuesday reported first-quarter net income of $166 million.
The Melville, New York-based company said it had net income of $1.16 per share. Earnings, adjusted for one-time gains and costs, were $1.24 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The health care products maker posted revenue of $2.92 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $2.82 billion.
Henry Schein expects full-year earnings to be $3.70 per share.
Henry Schein shares have risen 11% since the beginning of the year. The stock has risen 42% in the last 12 months.