AP NEWS

Zimmer: 3Q Earnings Snapshot

November 5, 2019 GMT

WARSAW, Ind. (AP) _ Zimmer Biomet Holdings Inc. (ZBH) on Tuesday reported third-quarter net income of $431.1 million.

The Warsaw, Indiana-based company said it had profit of $2.08 per share. Earnings, adjusted for one-time gains and costs, were $1.77 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The orthopedic device maker posted revenue of $1.89 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $1.87 billion.

Zimmer shares have risen 32% since the beginning of the year. The stock has climbed 19% in the last 12 months.

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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