WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Thursday reported fourth-quarter net income of $239.4 million.
On a per-share basis, the Warsaw, Indiana-based company said it had net income of $1.20. Earnings, adjusted for one-time gains and costs, were $2.31 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.
The orthopedic device maker posted revenue of $2.02 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $2.01 billion.
For the year, the company reported profit of $903.8 million, or $4.43 per share. Revenue was reported as $7.68 billion.
Zimmer expects full-year earnings in the range of $8.15 to $8.35 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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