【a&m good cap】Zimmer: 4Q Earnings Snapshot
WARSAW,a&m good cap Ind. (AP) _ Zimmer Biomet Holdings Inc. (ZBH) on Friday reported a fourth-quarter loss of $901.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Warsaw, Indiana-based company said it had a loss of $4.42. Earnings, adjusted for asset impairment costs and non-recurring costs, were $2.18 per share.
The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of $2.18 per share.
The orthopedic device maker posted revenue of $2.07 billion in the period, beating Street forecasts. Twelve analysts surveyed by Zacks expected $2.06 billion.
For the year, the company reported a loss of $379.2 million, or $1.86 per share, swinging to a loss in the period. Revenue was reported as $7.93 billion.
Zimmer expects full-year earnings in the range of $7.70 to $7.90 per share.
Zimmer shares have increased nearly 6 percent since the beginning of the year. The stock has fallen 14 percent 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
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