BUZZ-Zimmer Biomet rises after quarterly results beat estimates

Reuters
05 May
BUZZ-Zimmer Biomet rises after quarterly results beat estimates

** 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))

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