Dental equipment manufacturer Sirona Dental Systems trading on the Nasdaq under the symbol NasdaqGS: SIRO raises eyebrows in the investment community after reporting first quarter results. First quarter profits reported of $31.2 million, or 55 cents per share, up from $5.6 million, or 10 cents per share in the year ago quarter. Sales for the period ending December 31, 2009 totaled $214.8 million, up 19.5% from $179.7 million in the first quarter of 2009.
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Siro Dental Systems beat the estimates of analysts polled by Thomson Reuters who predicted profits of $29.6 million, or 53 cents per share, on sales of $201.3 million. After reporting strong figures the dental instrument maker gained $2.75, or 8.7%, to $34.31 in Monday midday trading. To learn more about Siro Dental visit www.wallstreetgrand.com.
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