Zimmer Biomet (ZBH) Q4 Earnings Top Estimates, Margins Grow

Zimmer Biomet Holdings, Inc. (ZBH) posted fourth-quarter 2023 adjusted earnings per share (EPS) of $2.20, exceeding the Zacks Consensus Estimate by 2.3%. The adjusted figure increased 17% year over year. The quarter’s adjustments included certain amortization, restructuring and European Union Medical Device Regulation-related charges, among others. On a reported basis, the company registered earnings of$ 2.01 per share, which reflected a significant improvement from the year-ago loss of 62 cents per share. ...