Henry Schein Beats Earnings Estimates Despite Declining Profits, Announces Restructuring Plan and Increased Guidance

Henry Schein Inc. (HSIC) reported mixed third-quarter results, exceeding earnings estimates but falling short on revenue expectations. The company attributed the decline in profits to lower PPE sales and the impact of foreign exchange rates. Despite the challenges, Henry Schein announced a restructuring plan aiming for significant cost savings and increased its full-year earnings guidance, citing strong performance from acquisitions and new product launches.

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