BUZZ-Zimmer Biomet falls after downbeat profit forecast

Reuters
06 Feb
BUZZ-Zimmer Biomet falls after downbeat profit forecast

** Shares of medical device maker Zimmer Biomet ZBH.N fall 2.7% to $105

** Stock closed in red in six of seven past sessions

** Co expects 2025 adj. profit to be in range of $8.15 to $8.35 per share, below analysts' avg. est. of $8.56, anticipating hit from strong dollar - LSEG data

** Co's Q4 profit and revenue came in above expectations, driven by increased demand for its devices used in hip and knee procedures

** Up to last close, stock fell ~15% in last 12 months vs 4.3% rise in S&P 500 health care index .SPXHC

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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