ZimVie Q2 EPS $0.17 Beats $0.02 Estimate, Sales $224.90M Beat $211.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
ZimVie (NASDAQ:ZIMV) reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.02 by 750 percent. However, this is a 74.63 percent decrease from the same period last year. The company also reported quarterly sales of $224.90 million, beating the analyst consensus estimate of $211.00 million by 6.59 percent, but this is a 4.12 percent decrease from the same period last year.
August 04, 2023 | 12:21 pm
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ZimVie's Q2 earnings and sales exceeded analyst estimates, but both are down from the same period last year.
While ZimVie beat analyst estimates for Q2 earnings and sales, the decrease from the same period last year could potentially offset any positive impact. The market often reacts to both beats/misses and year-over-year changes, making the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100