Zimmer Biomet Holdings Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Zimmer Biomet Holdings Inc. (ZBH) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $209.6 million, or $1.00 per share. This compares with $153.7 million, or $0.73 per share, in last year's second quarter.

Excluding items, Zimmer Biomet Holdings Inc. reported adjusted earnings of $382.8 million or $1.82 per share for the period.

Analysts on average had expected the company to earn $1.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $1.87 billion from $1.78 billion last year.

Zimmer Biomet Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $209.6 Mln. vs. $153.7 Mln. last year. -EPS (Q2): $1.00 vs. $0.73 last year. -Analyst Estimate: $1.81 -Revenue (Q2): $1.87 Bln vs. $1.78 Bln last year.

-Guidance: Full year EPS guidance: $7.47 - $7.57