Peer Stryker Corp last month raised its annual profit outlook betting on robust demand for its hip and knee implants. Zimmer, however, cut its annual revenue...
- Zimmer Biomet Holdings beat Wall Street estimates for second-quarter profit on Wednesday, driven by robust demand for its devices used in joint reconstruction procedures .
Zimmer, however, cut its annual revenue growth forecast anticipating a higher foreign currency impact. Zimmer now sees revenue growth of 4% to 5% from a year earlier, compared to 4.5% to 5.5% growth forecast previously.Combined sales at Zimmer's hips and knees units came in at $1.31 billion, shy of analysts' estimate of $1.32 billion, according to LSEG data.
The hip and knee implant maker reiterated its full-year 2024 profit expectations in the range of $8.00 to $8.15 per share. Analysts were expecting annual profit of $8.09 per share. Exolaunch and Impulse Space Announce Strategic Partnership in Satellite Launch and In-Space Transportation Services ‘The Artist’ Director Michel Hazanavicius Says ‘People Have an Issue Addressing the Genocide Against Jews’
Robust Demand Profit Outlook Investor Expectations Medical Device Makers Estimates Revenue Growth Reconstruction Procedures Peer Stryker Corp Second-Quarter Profit
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