Aug 7 (Reuters) - Zimmer Biomet Holdings ( ZBH ) beat Wall Street estimates for second-quarter profit on Wednesday, driven by robust demand for its devices used in joint reconstruction procedures. Medical device makers have boosted investor expectations in the recent quarters as more people, especially older Americans, opt for non-urgent surgeries such as hip and knee replacements. Peer Stryker...

07:40 AM EDT, 08/07/2024 (MT Newswires) -- Shopify ( SHOP ) reported Q2 adjusted earnings Wednesday of $0.26 per diluted share, up from $0.14 a year earlier. Analysts polled by Capital IQ expected $0.20. Revenue for the quarter ended June 30 was $2.05 billion, up from $1.69 billion a year earlier. Analysts polled by Capital IQ expected $2.01 billion. For...

07:39 AM EDT, 08/07/2024 (MT Newswires) -- CIBC said that it sees the US dollar (USD) and Canadian dollar (CAD or loonie) exchange rate at 1.39 in September and at 1.38 in December 2024 from 1.38 on July 29. USD-CAD is estimated at 1.37 in March 2025, at 1.36 in June and in September 2025 and at 1.35 in December...

07:43 AM EDT, 08/07/2024 (MT Newswires) -- Stella-Jones ( STLJF ) said second-quarter profit rose 10%, boosted by infrastructure product sales. The lumber and wood products company said second-quarter net income rose to $110 million, or $1.94 per share, from $100 million, or $1.72 per share. Sales increased 8%, to $1.05 billion. The 13% growth of sales of utility poles,...