Zimmer Biomet rises after quarterly results beat estimates

ReutersMay 5, 2025 10:57 AM

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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

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