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Zimmer Biomet Holdings Inc. (ZBH) reported a profit for third quarter that decreased from last year.


RTTNews | Nov 4, 2021 06:54AM EDT

06:53 Thursday, November 4, 2021 (RTTNews.com) - Zimmer Biomet Holdings Inc. (ZBH) reported a profit for third quarter that decreased from last year.

The company's profit came in at $145.6 million, or $0.69 per share. This compares with $242.5 million, or $1.16 per share, in last year's third quarter.

Excluding items, Zimmer Biomet Holdings Inc. reported adjusted earnings of $381.2 million or $1.81 per share for the period.

Analysts had expected the company to earn $1.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $1.92 billion from $1.93 billion last year.

Zimmer Biomet Holdings Inc. earnings at a glance:

-Earnings (Q3): $381.2 Mln. vs. $376.8 Mln. last year.-EPS (Q3): $1.81 vs. $1.81 last year.-Analysts Estimate: $1.76-Revenue (Q3): $1.92 Bln vs. $1.93 Bln last year.

-Guidance:Full year EPS guidance: $7.32 - $7.47

Read the original article on RTTNews ( https://www.rttnews.com/3239445/zimmer-biomet-holdings-inc-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

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