Zimmer Biomet rises after quarterly results beat estimates

Zimmer Biomet Holdings

05/05/2025 11:57

** Shares of medical device maker Zimmer Biomet Holdings ZBH.N rise 1.5% to $103.87 premarket

** ZBH posts Q1 adj. profit of $1.81 per share, beating analysts' estimate of $1.77 per share, according to data compiled by LSEG

     ** Company reports Q1 revenue of $1.91 billion vs estimates of $1.90 billion

** Company cuts its annual adj profit forecast to a range of $7.9 and $8.1 per share, compared with previously projected adj profit forecast  of $8.15 to $8.35 per share

** However, ZBH expects 2025 revenue growth to be 5.7% to 8.2% including co's acquisition of orthopedic surgical devices maker Paragon 28 7GQ.F, currency and current tariff impact

** As of last close, ZBH has fallen 3.1% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))