12:54 PM EST, 11/07/2024 (MT Newswires) -- (Updates with the latest stock move in the headline and the first paragraph.)

Dentsply Sirona ( XRAY ) shares were down more than 25% in recent Thursday trading after the company lowered its 2024 guidance.

The company reported Q3 adjusted earnings Thursday of $0.50 per diluted share, up from $0.49 a year earlier.

Analysts polled by Capital IQ expected $0.48.

Net sales for the quarter ended Sep. 30 were $951 million, up from $947 million a year earlier.

Analysts surveyed by Capital IQ expected $939.9 million.

For 2024, the dental products manager lowered its guidance to adjusted EPS of $1.82 to $1.86 on revenue of $3.79 billion to $3.83 billion, from adjusted EPS of $1.96 to $2.02 on revenue of $3.86 billion to $3.90 billion. Analysts polled by Capital IQ expect adjusted EPS of $1.98 on revenue of $3.88 billion.

Price: 17.89, Change: -6.10, Percent Change: -25.42