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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.

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