Zimmer: Q2 Earnings Snapshot - WTOP News
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Zimmer: Q2 Earnings Snapshot

WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Wednesday reported second-quarter net income of $242.8 million.

The Warsaw, Indiana-based company said it had profit of $1.18 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $2.01 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.

The orthopedic device maker posted revenue of $1.94 billion in the period, matching Street forecasts.

Zimmer expects full-year earnings in the range of $8 to $8.15 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZBH at https://www.zacks.com/ap/ZBH

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