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Zimmer Biomet Holdings Inc. Q1 adjusted earnings Beat Estimates

Zimmer Biomet Holdings Inc. (ZBH) announced a profit for its first quarter that climbed from the same period last year.

The company's earnings totaled $246.1 million, or $1.20 per share. This compares with $174.7 million, or $0.85 per share, in last year's first quarter.

Excluding items, Zimmer Biomet Holdings Inc. reported adjusted earnings of $384.2 million or $1.87 per share for the period.

Analysts had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.0% to $1.98 billion from $2.02 billion last year.

Zimmer Biomet Holdings Inc. earnings at a glance:

-Earnings (Q1): $384.2 Mln. vs. $390.9 Mln. last year.
-EPS (Q1): $1.87 vs. $1.91 last year.
-Analysts Estimate: $1.86
-Revenue (Q1): $1.98 Bln vs. $2.02 Bln last year.

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