WARSAW, Ind. (AP) _ Zimmer Biomet Holdings Inc. (ZBH) on Tuesday reported a second-quarter loss of $206.6 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 $1. Earnings, adjusted for non-recurring costs, came to 5 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.
The orthopedic device maker posted revenue of $1.23 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $930.9 million.
Zimmer shares have declined slightly more than 9% since the beginning of the year. The stock has dropped slightly more than 1% in the last 12 months.
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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