Zimmer Biomet falls after downbeat profit forecast

Zimmer Biomet Holdings

06/02/2025 15:27

** Shares of medical device maker Zimmer Biomet  ZBH.N  fall
2.7% to $105
    ** Stock closed in red in six of seven past sessions 
    ** Co expects 2025 adj. profit to be in range of $8.15 to
$8.35 per share, below analysts' avg. est. of $8.56,
anticipating hit from strong dollar - LSEG data
    ** Co's Q4 profit and revenue came in above expectations,
driven by increased demand for its devices used in hip and knee
procedures
    ** Up to last close, stock fell ~15% in last 12 months vs
4.3% rise in S&P 500 health care index  .SPXHC  

 (Reporting by Padmanabhan Ananthan)
 ((Padmanabhan.Ananthan@thomsonreuters.com))