Plus   Neg

Zimmer Biomet Holdings Inc. Q4 adjusted earnings Beat Estimates

Zimmer Biomet Holdings Inc. (ZBH) announced earnings for its fourth quarter that advanced from last year.

The company's bottom line totaled $333.7 million, or $1.59 per share. This compares with $320.7 million, or $1.54 per share, in last year's fourth quarter.

Excluding items, Zimmer Biomet Holdings Inc. reported adjusted earnings of $440.7 million or $2.11 per share for the period.

Analysts had expected the company to earn $2.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.9% to $2.09 billion from $2.13 billion last year.

Zimmer Biomet Holdings Inc. earnings at a glance:

-Earnings (Q4): $440.7 Mln. vs. $478.1 Mln. last year.
-EPS (Q4): $2.11 vs. $2.30 last year.
-Analysts Estimate: $2.06
-Revenue (Q4): $2.09 Bln vs. $2.13 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT