Zimmer Holdings Reports Decreased Earnings, Spine Sales in Q3

Warsaw, Ind.-based Zimmer Holdings reported $154.4 million in third quarter net earnings, down 13.3 percent from $178.1 million net earnings during the same period last year.

Advertisement

The company’s net sales increased by 4.8 percent, from $1.03 billion in 2012 to $1.07 billion this year. However, increased operating costs offset the increased sales.

Spine device sales decreased slightly in this year’s third quarter, down 3.6 percent from last year. Major gains were made in knee devices, for which sales were up 5.6 percent.

More Articles on Devices:
Exactech Income Increases 25% in Q3
Mazor Robotics’ Renaissance Reaches 5k Procedures
15 New Spine, Orthopedic Device Launches & Releases

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.