WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Wednesday reported third-quarter profit of $249.1 million.
On a per-share basis, the Warsaw, Indiana-based company said it had profit of $1.23. Earnings, adjusted for one-time gains and costs, came to $1.74 per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The orthopedic device maker posted revenue of $1.82 billion in the period, surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $1.8 billion.
Zimmer expects full-year earnings in the range of $7.95 to $8.05 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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