10:18 AM EDT, 05/02/2024 (MT Newswires) -- Dentsply Sirona ( XRAY ) shares fell more than 4% in recent Thursday trading following its lower-than-expected Q1 revenue.

Earlier, the company reported Q1 adjusted earnings of $0.42 per diluted share, up from $0.39 a year earlier.

Analysts polled by Capital IQ expected $0.42.

Net sales for the quarter ended March 31 were $953 million, down from $978 million a year earlier.

Analysts surveyed by Capital IQ expected $968.8 million.

The company maintained its 2024 adjusted EPS outlook of $2.00 to $2.10. Analysts surveyed by Capital IQ expected $2.05.

The firm revised its 2024 sales outlook to $3.91 billion to $3.97 billion, compared with $3.96 billion to $4.02 billion previously, due to an additional estimated foreign currency translation headwind of $50 million. Analysts expected $3.99 billion.

Dentsply said it expects to buy back up to $150 million of its shares in Q2.

Price: 28.79, Change: -1.40, Percent Change: -4.62