Zimmer Holdings (ZMH) Misses Q3 EPS by 4c; Updates FY14 Outlook

Zimmer Holdings (NYSE: ZMH) reported Q3 EPS of $0.96, $0.04 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.1 billion.

Zimmer Holdings sees FY2014 EPS of $6.05, versus prior guidance of $6-$6.1 and the consensus of $6.04. Full-year revenues are now expected to increase approximately 2.25% on a constant currency basis from 2013. Previously, the Company had estimated full-year revenues would increase 2.0% to 3.0% constant currency. The Company now expects foreign currency translation to decrease revenues by approximately 0.75% for the full year, resulting in reported revenue growth of approximately 1.50%.

For earnings history and earnings-related data on Zimmer Holdings (ZMH) click here.

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