Zimmer Biomet-ZBH Stock Up Despite Q3 Earnings Miss, 2024 View Narrowed

Zimmer Biomet Holdings, Inc. (ZBH) posted third-quarter 2024 adjusted earnings per share (EPS) of $1.74, missing the Zacks Consensus Estimate by 0.6%. However, the adjusted figure increased 5.5% year over year. The quarter's adjustments included certain amortization, restructuring and other cost reduction initiatives and European Union Medical Device Regulation-related charges, among others. On a reported basis, the company registered earnings of$ 1.23 per share, compared to 77 cents in the year-ago period. ...