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Zimmer Biomet Holdings Inc. Q3 adjusted earnings Beat Estimates

Zimmer Biomet Holdings Inc. (ZBH) announced a profit for its third quarter that rose from last year.

The company's earnings totaled $162.2 million, or $0.79 per share. This compares with $98.8 million, or $0.48 per share, in last year's third quarter.

Excluding items, Zimmer Biomet Holdings Inc. reported adjusted earnings of $334.6 million or $1.63 per share for the period.

Analysts had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $1.84 billion from $1.81 billion last year.

Zimmer Biomet Holdings Inc. earnings at a glance:

-Earnings (Q3): $334.6 Mln. vs. $349.9 Mln. last year.
-EPS (Q3): $1.63 vs. $1.72 last year.
-Analysts Estimate: $1.61
-Revenue (Q3): $1.84 Bln vs. $1.81 Bln last year.

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