WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Monday reported first-quarter net income of $182 million.
The Warsaw, Indiana-based company said it had profit of 91 cents per share. Earnings, adjusted for amortization costs and restructuring costs, came to $1.81 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The orthopedic device maker posted revenue of $1.91 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $1.89 billion.
Zimmer expects full-year earnings in the range of $7.90 to $8.10 per share.
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