Net earnings for the second quarter were reported as $165.5 million non-adjusted and $221.2 million on an adjusted basis, which is a 2.6 percent increase when adjusted over last year’s report. The diluted earnings for the quarter were reported as $0.82 per share on net sales of $1.06 billion. Zimmer board of directors approved an additional $1.5 billion stock repurchase program.
The company also announced their agreement to acquire Beigin Montagne Medical Device, an orthopedic implant company based in China.
Read the Zimmer Holdings release on 2010 2Q financial results.
Read other coverage on Zimmer Holdings.
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