Zimmer Biomet shares are trading lower amid reports the company said the newly implemented ERP will likely impact revenue this year.
Portfolio Pulse from Benzinga Newsdesk
Zimmer Biomet shares are declining due to reports that the company's new ERP system may negatively impact revenue this year.
September 05, 2024 | 5:37 pm
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NEGATIVE IMPACT
Zimmer Biomet's shares are trading lower following reports that the company's new ERP system could negatively affect revenue this year.
The implementation of a new ERP system is a significant operational change that can disrupt business processes and impact revenue. The market is reacting negatively to the company's warning, leading to a decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100