Zimmer Holdings, Inc. (ZMH) Thursday reported fourth-quarter profit of $152.8 million or $0.88 per share, up from $156.6 million or $0.87 per share in the same period last year.
Adjusted earnings for the period was $1.51 per share. On average, 30 analysts polled by Thomson Reuters expected the company to earn $1.49 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $1.18 billion from $1.17 billion last year. Analysts expected revenues of $1.17 billion.
Looking ahead to fiscal 2013, the company has forecast earnings in a range of $5.05 to $5.25 per share, with adjusted earnings between $5.65 and $5.85 per share.
Revenue growth is estimated to be in a range of 2.5 percent and 4.5 percent, on a constant currency basis. Analysts currently expect the company to report full-year earnings of $5.74 per share on revenues of $4.63 billion.
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