Zimmer Holdings Earnings: Zooms Beyond Analyst Estimates
Zimmer Holdings, Inc. (NYSE:ZMH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.25%.
Zimmer Holdings, Inc. Earnings Cheat Sheet
Results: Net income decreased -2.43% to $152.8 million ($1.51 per diluted share) in the quarter versus a net gain of $156.6 million in the year-earlier quarter.
Revenue: Rose 1.09% to $1.18 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zimmer Holdings, Inc. reported adjusted net income of $1.51 per share. By that measure, the company beat the mean analyst estimate of $1.49. It beat the average revenue estimate of $1.17 billion.
Quoting Management: “Throughout 2012, Zimmer successfully executed our value creation agenda, including innovation and growth initiatives, global transformation programs and capital allocation strategies,” said David Dvorak, Zimmer President and CEO…