Zimmer Holdings Inc. (ZMH) reported that its first-quarter net earnings were $209.6 million or $1.17 per share, compared to $208.9 million or $1.08 per share in the same quarter last year.
Adjusted earnings per share increased to $1.30 from $1.19 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $1.14 billion from $1.12 billion in the prior year quarter. Twenty four analysts had consensus revenue estimate of $1.14 billion for the quarter.
The Company reaffirmed its constant currency revenue and adjusted EPS guidance for full year 2012. In addition, the Company updated its full-year reported revenue and EPS guidance for 2012. Full-year revenues for 2012 are expected to increase between 2% and 4% on a constant currency basis from 2011. The Company now estimates that foreign currency translation will decrease revenues by approximately 1.5% to 2.0% for the full year 2012, resulting in reported revenue growth between 0% and 2.5%. Previously, the Company had estimated foreign currency translation would decrease revenues by approximately 1%.
Full-year 2012 earnings per share are projected to be in a range of $4.70 to $4.90 on a reported basis and $5.20 to $5.40 on an adjusted basis. Prior guidance for full-year 2012 reported earnings per share was $4.75 to $4.95.
Analysts expect the company to report earnings of $5.27 per share on revenues of $4.54 billion for fiscal 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.