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Zimmer: Q1 Earnings Snapshot

May 3, 2022 GMT

WARSAW, Ind. (AP) _ Zimmer Biomet Holdings Inc. (ZBH) on Tuesday reported first-quarter profit of $14.2 million.

On a per-share basis, the Warsaw, Indiana-based company said it had net income of 7 cents. Earnings, adjusted for amortization costs and non-recurring costs, were $1.61 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The orthopedic device maker posted revenue of $1.66 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $1.6 billion.

Zimmer expects full-year earnings in the range of $6.65 to $6.85 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