Earnings Snapshot: Zimmer Biomet Holdings reports $130.5 million fiscal Q4 loss
The Warsaw, Indiana-based Zimmer Biomet incurred 62 cents loss per share
By AP News
Published - Feb 03, 2023, 06:54 AM ET
Last Updated - Jun 22, 2023, 11:25 PM EDT
WARSAW, Ind. (AP) _ Zimmer Biomet Holdings Inc. (ZBH) on Friday reported a loss of $130.5 million in its fourth quarter.
On a per-share basis, the Warsaw, Indiana-based company said it had a loss of 62 cents. Earnings, adjusted for one-time gains and costs, came to $1.88 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The orthopedic device maker posted revenue of $1.83 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $1.76 billion.
