financetom
Business
financetom
/
Business
/
Zimmer Biomet forecasts 2025 profit below estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zimmer Biomet forecasts 2025 profit below estimates
Feb 6, 2025 5:58 AM

Feb 6 (Reuters) - Medical device maker Zimmer Biomet

Holdings ( ZBH ) forecast full-year adjusted profit below Wall

Street estimates on Thursday, as it anticipates a hit from a

strong dollar.

The company expects 2025 adjusted profit to be in the range

of $8.15 to $8.35 per share, compared with the average of

analysts' expectations of $8.56 per share, according to data

compiled by LSEG. The company expects a 1.5% to 2% negative

impact from currency swings on its revenue this year.

However, the company's fourth-quarter profit and revenue

both came in slightly above expectations, due to strong demand

for its devices used in hip and knee procedures.

Combined sales at Zimmer's hips and knees units came in at

$1.36 billion, compared to $1.30 billion, a year ago.

Sales at its unit that sells sports medicine and trauma care

products came in at $489.4 million, compared to $453.3 million,

a year ago.

Brokerage Evercore ISI says that the forecast is already

lower than expected and Zimmer's acquisition of orthopedic

surgical devices maker Paragon 28 ( FNA ), announced last month,

could further reduce earnings by another 10 cents.

In the fourth quarter, the company posted a profit of $2.31

per share, beating estimates by 1 cent.

Zimmer's total sales for the reported quarter came in at

$2.02 billion, compared with analysts' estimates of $2.01

billion.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stock exchanges told to improve how they deal with outages
Stock exchanges told to improve how they deal with outages
Jun 5, 2024
LONDON, June 5 (Reuters) - Stock exchanges and other trading platforms should draw up and make public plans for dealing with outages to provide greater predictability for customers, global securities watchdog IOSCO said on Wednesday. Exchanges worldwide have been hit by glitches and outages for various reasons, such as software changes. A glitch at the New York Stock Exchange (NYSE)...
KKR Unit Acquires Swisscom Unit's 4.5% Stake in FiberCorp
KKR Unit Acquires Swisscom Unit's 4.5% Stake in FiberCorp
Jun 5, 2024
06:32 AM EDT, 06/05/2024 (MT Newswires) -- KKR (KKR) unit Optics Bidco has agreed to acquire Swisscom's Italian unit Fastweb's 4.5% stake in FiberCorp for 438.7 million euros ($475.8 million) in cash, Swisscom said on Wednesday. The value was described as in line with the pro rata price paid by KKR to Telecom Italia for its stake. The deal remains...
Update: Guidewire Software Fiscal Q3 Swings to Profit as Revenue Rises; Lifts Fiscal 2024 Sales Forecast; Shares Jump Premarket
Update: Guidewire Software Fiscal Q3 Swings to Profit as Revenue Rises; Lifts Fiscal 2024 Sales Forecast; Shares Jump Premarket
Jun 5, 2024
06:06 AM EDT, 06/05/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph, as well as minor edits.) Guidewire Software ( GWRE ) shares were up 7.9% in recent premarket activity on Wednesday after the company swung to a profit as sales surged in fiscal Q3 and raised its fiscal 2024 revenue guidance. The company...
SAP Snags WalkMe For $1.5B: A Power Move In AI-Enhanced Business Solutions
SAP Snags WalkMe For $1.5B: A Power Move In AI-Enhanced Business Solutions
Jun 5, 2024
WalkMe Ltd. ( WKME ) shares are jumping today after it inked a definitive deal to be acquired by SAP SE ( SAP ) in an all-cash deal for an equity value of about $1.5 billion. The Executive and Supervisory Boards of SAP and the Board of Directors of WalkMe ( WKME ) have approved the transaction valued at $14.00...
Copyright 2023-2026 - www.financetom.com All Rights Reserved