Zimmer Biomet Holdings (ZBH) Tops Q1 EPS by 35c, Revenues Miss
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Zimmer Biomet Announces First Quarter 2020 Financial Results
May 11, 2020 6:00 AM EDTWARSAW, Ind., May 11, 2020 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended March 31, 2020. The Company reported first quarter net sales of $1.784 billion, a decrease of 9.7% from the prior year period, and a decrease of 8.9% on a constant currency basis both consistent with the preliminary results disclosed in the Company's press release on April 6, 2020. Net loss for the first quarter was $509 million, including goodwill impairment. Net earnings on an adjusted basis were $354 million.
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