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DewDiligence

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DewDiligence

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Re: DewDiligence post# 118

Tuesday, 11/07/2023 10:02:56 AM

Tuesday, November 07, 2023 10:02:56 AM

Post# of 127
ZBH reports 3Q23 results—reiterates 2023 non-GAAP-EPS guidance:

https://investor.zimmerbiomet.com/news-and-events/news/2023/11-07-2023-113117335

3Q23 revenue was $1.754 billion, +4.7% YoY in constant currency.

3Q23 GAAP EPS was $0.77, down from $0.92 in 3Q22.

3Q23 non-GAAP EPS (which excludes restructuring costs) was $1.65, up from $1.58 in 3Q22.

ZBH reiterated 2023 non-GAAP EPS guidance of $7.47-7.57, despite a larger than previously expected hit from foreign currency.

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

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