Zimmer Biomet raises bottom end of earnings guidance: 4 key points

Spinal Tech

Zimmer Biomet increased the bottom end of its earnings forecast for 2016.

Here are four key points:

 

1. Zimmer Biomet anticipates full-year adjusted earnings per share of $7.90 to $8. This estimate surpasses the company's previous forecast of $7.85 to $8 per share.

 

2. The company expects 2016 revenue to hit between $7.68 billion and $7.72 billion.

 

3. Zimmer Biomet experienced a net loss of $31.3 million for the quarter ending June 30.

 

4. The company's second quarter earnings hit $2.02 per share, an increase from $1.58 for the same period a year prior.

 

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