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Zimmer: Q2 Earnings Snapshot
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WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Wednesday reported second-quarter profit of $198.3 million.

The Warsaw, Indiana-based company said it had net income of $1.03 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $2.07 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The orthopedic device maker posted revenue of $2.18 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.13 billion.

Zimmer expects full-year earnings in the range of $8.47 to $8.59 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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