IBJNews

Zimmer profit up slightly, meets expectations

Back to TopCommentsE-mailPrintBookmark and Share

Orthopedic implant maker Zimmer Holdings Inc. on Thursday reported a fractional increase in first-quarter profit on higher sales in all global regions, particularly the Asia Pacific.

The Warsaw-based company slightly reduced its estimate for full-year earnings because of currency translation changes, however, and its shares fell.

Net earnings for the first three months of 2012 were $209.6 million, or $1.17 per share, up 0.3 percent from $208.9 million, or $1.08 per share, in the same period a year earlier.

The company said its adjusted earnings were $1.30 per share, up 8 percent from a year ago and matching the consensus forecast of analysts surveyed by FactSet Research.

Revenue was $1.14 billion, up 2 percent from $1.12 billion a year ago and in line with analyst estimates.

Zimmer said sales were 10 percent higher in its Asia Pacific region and up 1 percent each in the Americas and Europe.

Sales for most product categories climbed by single-digit percentages, although dental and spine products declined.

Zimmer said its full-year earnings are now expected to be in a range of $4.70 per share to $4.90 per share, down from a range of $4.75 per share to $4.95 per share. It cited foreign currency changes as the reason.

Zimmer stock fell 2 percent Thursday, to $62.07 per share.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Why should I a home owner pay for this"car sharing" ????

  2. By the way, the right to work law is intended to prevent forced union membership, not as a way to keep workers in bondage as you make it sound, Italiano. If union leadership would spend all of their funding on the workers, who they are supposed to be representing, instead of trying to buy political favor and living lavish lifestyles as a result of the forced membership, this law would never had been necessary.

  3. Unions once served a noble purpose before greed and apathy took over. Now most unions are just as bad or even worse than the ills they sought to correct. I don't believe I have seen a positive comment posted by you. If you don't like the way things are done here, why do you live here? It would seem a more liberal environment like New York or California would suit you better?

  4. just to clear it up... Straight No Chaser is an a capella group that formed at IU. They've toured nationally typically doing a capella arangements of everything from Old Songbook Standards to current hits on the radio.

  5. This surprises you? Mayor Marine pulled the same crap whenhe levered the assets of the water co up by half a billion $$$ then he created his GRAFTER PROGRAM called REBUILDINDY. That program did not do anything for the Ratepayors Water Infrastructure Assets except encumber them and FORCE invitable higher water and sewer rates on Ratepayors to cover debt coverage on the dough he stole FROM THE PUBLIC TRUST. The guy is morally bankrupt to the average taxpayer and Ratepayor.

ADVERTISEMENT