ZimVie Q2 2024 Adj. EPS $0.13 Misses $0.17 Estimate, Sales $116.811M Beat $115.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
ZimVie (NASDAQ:ZIMV) reported Q2 2024 adjusted EPS of $0.13, missing the $0.17 estimate, but sales of $116.811M beat the $115.200M estimate. EPS increased by 225% year-over-year, while sales decreased by 1.55% year-over-year.
August 01, 2024 | 8:56 pm
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ZimVie reported Q2 2024 adjusted EPS of $0.13, missing the $0.17 estimate, but sales of $116.811M beat the $115.200M estimate. EPS increased by 225% year-over-year, while sales decreased by 1.55% year-over-year.
The mixed results, with EPS missing estimates but sales beating expectations, create a neutral short-term impact. The significant year-over-year EPS increase is positive, but the sales decline and EPS miss balance this out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100