Envista Holdings Reports Q4 Profit, Beats Expectations
BREA, Calif. - Envista Holdings Corp. (NVST) announced a fourth-quarter profit of $1.2 million on Wednesday. On a per-share basis, the Brea, California-based company reported net income of 1 cent.
Adjusted for amortization and restructuring costs, earnings came to 24 cents per share, exceeding Wall Street estimates. Analysts surveyed by Zacks Investment Research had projected earnings of 23 cents per share.
Envista, a manufacturer of dental products, generated revenue of $652.9 million during the quarter, also surpassing Street forecasts. Zacks analysts had predicted revenue of $645.9 million.
For the full year, the company reported a loss of $1.12 billion, or $6.50 per share, with revenue of $2.51 billion.
Envista projects full-year earnings in the range of 95 cents to $1.05 per share.