10 Unexpected Market Movers – What Propelled Double-Digit Gains?

8. Dentsply Sirona Inc. (NASDAQ:XRAY)

Dentsply Sirona, one of the leading dental equipment manufacturers globally, saw its share prices jump by 16.30 percent on Thursday to close at $15.91 apiece as investors cheered its improved earnings performance and beat of analysts’ estimates.

In its latest earnings release, Dentsply Sirona Inc. (NASDAQ:XRAY) said that attributable net income increased by 11 percent to $20 million from the $18 million reported in the same period last year.

Net sales, on the other hand, dropped by 7.8 percent to $879 million from $953 million year-on-year, weighed down by foreign currency changes, which dented its net sales by approximately $30 million.

For the rest of the year, Dentsply Sirona Inc. (NASDAQ:XRAY) maintained its previous growth outlook, with revenues targeted to settle at $3.6 billion to $3.7 billion, and organic sales to drop by 2 to 4 percent.