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DewDiligence

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DewDiligence

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Re: DewDiligence post# 97

Tuesday, 08/01/2023 6:34:26 PM

Tuesday, August 01, 2023 6:34:26 PM

Post# of 127
ZBH reports 2Q23 results—shares fall despite raised 2023 guidance:

https://investor.zimmerbiomet.com/news-and-events/news/2023/08-01-2023-113054956

https://finance.yahoo.com/news/medical-device-maker-zimmer-biomet-122133634.html

Zimmer Biomet Holdings on Tuesday raised its full-year profit forecast after beating second-quarter estimates on demand for its medical devices but shares fell [about 4%] as investors focused on the company's comments for 2024.

… The company said it expects backlog to remain the same or decrease going into 2024.

… The company now expects full-year profit of $7.47 to $7.57 per share, compared with its previous forecast of $7.40 to $7.50.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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