The slight drop in earnings was attributed to a $96 million impairment in Zimmer’s spine business.
Although profits were mildly down, Zimmer’s net revenue increased 1.1 percent in the fourth quarter year-over-year to $1.18 billion. Hip and knee devices helped boosted those figures.
For the entire FY 2012, Zimmer’s profit slipped 0.8 percent compared with 2011 to $755 million. Zimmer’s total revenue on the year reached $3.35 billion, a 0.5 percent increase from FY 2011.
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