WARSAW, Ind. (AP) _ Zimmer Biomet Holdings Inc. (ZBH) on Friday reported third-quarter profit of $242.5 million.
On a per-share basis, the Warsaw, Indiana-based company said it had net income of $1.16. Earnings, adjusted for one-time gains and costs, came to $1.81 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The orthopedic device maker posted revenue of $1.93 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $1.71 billion.
Zimmer shares have decreased nearly 7% since the beginning of the year. The stock has decreased slightly 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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