Zimmer Biomet Stock Drops 12% Despite Higher Earnings In Q1

(RTTNews) - Zimmer Biomet Holdings, Inc. (ZBH) shares fell 11.78 percent to $90.32 during Monday's trading after the company reported first-quarter results that showed a modest increase in net earnings. Net income rose to $182.6 million from $172.8 million a year ago, while net sales climbed slightly to $1.91 billion from $1.89 billion in the same quarter of 2024.

The stock opened at $99.59 and has traded between $90.51 and $99.75 today on the New York Stock Exchange. It previously closed at $102.38. Zimmer Biomet shares have moved between $90.51 and $122.25 over the past 52 weeks, with volume currently at 3.6 million, well above the average of 2.1 million.