WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Tuesday reported fourth-quarter net income of $139.3 million.
The Warsaw, Indiana-based company said it had net income of 70 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.42 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.
The orthopedic device maker posted revenue of $2.24 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $2.2 billion.
For the year, the company reported profit of $705.1 million, or $3.55 per share. Revenue was reported as $8.23 billion.
Zimmer expects full-year earnings in the range of $8.30 to $8.45 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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