Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices [Yahoo! Finance]
Stryker Corporation (SYK)
Last stryker corporation earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
Zimmer's results extend a strong quarter for medical device makers, including peer Stryker Corp which raised its annual profit outlook betting on steady demand for its hip and knee implants. Investors have increased expectations for medical device makers following a post-pandemic surge in demand for medical procedures, especially among older Americans. "This is a good start to the year that should help give investors confidence management can ultimately deliver what they've guided to," J.P.Morgan analyst Robbie Marcus wrote in a note. Combined sales at Zimmer's hips and knees units were $1.28 billion, in line with analysts' expectations. The hip and knee implant maker reiterated its annual profit outlook in the range of $8.00 to $8.15 per share. Analysts were expecting annual profit of $8.06 per share. Zimmer's first-quarter revenue rose 3.2% to $1.89 billion, compared with analysts' average estimate of $1.87 billion, according to LSEG data. On an adjusted basis, the company
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SYK
Earnings
- 4/30/24 - Beat
SYK
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 144
- 5/14/24 - Form 8-K
- SYK's page on the SEC website