Feb 6 (Reuters) - Medical device maker Zimmer Biomet Holdings ZBH.N forecast full-year adjusted profit below Wall Street estimates on Thursday, as it anticipates a hit from a strong dollar.
The company expects 2025 adjusted profit to be in the range of $8.15 to $8.35 per share, compared with the average of analysts' expectations of $8.56 per share, according to data compiled by LSEG. The company expects a 1.5% to 2% negative impact from currency swings on its revenue this year.
However, the company's fourth-quarter profit and revenue both came in slightly above expectations, due to strong demand for its devices used in hip and knee procedures.
Combined sales at Zimmer's hips and knees units came in at $1.36 billion, compared to $1.30 billion, a year ago.
Sales at its unit that sells sports medicine and trauma care products came in at $489.4 million, compared to $453.3 million, a year ago.
Brokerage Evercore ISI says that the forecast is already lower than expected and Zimmer's acquisition of orthopedic surgical devices maker Paragon 28 FNA.N, announced last month, could further reduce earnings by another 10 cents.
In the fourth quarter, the company posted a profit of $2.31 per share, beating estimates by 1 cent.
Zimmer's total sales for the reported quarter came in at $2.02 billion, compared with analysts' estimates of $2.01 billion.
(Reporting by Kamal Choudhury in Bengaluru; Editing by Leroy Leo)
((Kamal.Choudhury@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.