Zimmer Holdings Q4 Profit Tops Street; Guides 2014 - Quick Facts

(RTTNews) - Zimmer Holdings, Inc. (ZMH), a maker of surgical instruments, said its fourth-quarter reported net profit grew to $235.9 million, or $1.36 a share, from $152.8 million, or $0.88 a share, last year. On an adjusted basis, earnings amounted to $288.6 million, or $1.66 a share in the recent quarter. On average, 30 analysts polled by Thomson Reuters expected earnings per share of $1.62 for the quarter. Analysts' estimates typically exclude one-time items.

The firm reported quarterly net sales of $1.24 billion, an increase of 5.1% reported and 6.6% constant currency over the fourth quarter of 2012. Analysts estimated revenues of $1.22 billion for the fourth quarter.

For 2014, the company sees revenues to increase between 3.0% and 5.0% on a constant currency basis; and anticipates that foreign currency translation would reduce revenues by approximately 0.5% for the year 2014, resulting in reported revenue growth between 2.5% and 4.5%. Annual earnings per share are projected to be in a range of $5.00 - $5.20 on a reported basis and $6.10 - $6.30 on an adjusted basis. Analysts expect earnings per share of $6.20 in 2014.