UPDATE 1-Henry Schein Q3 beats, says markets improving

* Q3 EPS $0.94 vs. est $0.87

* Q3 revenue up 14 pct to $1.89 bln

* Raises lower end of FY10 earnings outlook

* Sees FY11 EPS between $3.88-$3.98/shr

Oct 29 (BestGrowthStock) – Henry Schein Inc (HSIC.O: ) posted
better-than-expected quarterly results, and continued sales
growth of the healthcare distributor’s dental equipment pointed
towards a gradual improvement in its markets.

The company, which distributes diagnostic kits, surgical
tools and X-ray equipment in North America and Europe, forecast
full-year 2011 earnings of $3.88 to $3.98 a share, while
analysts average expectations are for $3.93 per share,
according to Thomson Reuters I/B/E/S.

For the third quarter, the company reported a net income
from continuing operations of $87.9 million, or 94 cents a
share, compared with $96.4 million, or $1.03 per share, a year
ago.

Revenue rose 14 percent to $1.89 billion at the company,
whose rivals include Patterson Cos Inc (PDCO.O: ).

Analysts, on average, had expected earnings of 87 cents a
share for the quarter, excluding special items, on revenue of
$1.87 billion.

Henry Schein’s shares, which have gained about 10 percent
since the company posted impressive second-quarter results in
August, closed at $58.62 Thursday on Nasdaq. (Reporting by
Shailesh Kuber in Bangalore; Editing by Aradhana Aravindan)

UPDATE 1-Henry Schein Q3 beats, says markets improving