ZimVie Q3 2024 Adj. EPS $0.12 Beats $0.07 Estimate, Sales $103.222M Beat $101.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
ZimVie reported Q3 2024 earnings per share of $0.12, surpassing the analyst estimate of $0.07 by 71.43%. Sales were $103.222 million, exceeding the $101.400 million estimate, despite a 1.98% decrease from the previous year.
October 30, 2024 | 8:57 pm
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ZimVie's Q3 2024 earnings per share of $0.12 exceeded expectations by 71.43%, and sales of $103.222 million also beat estimates. However, sales decreased by 1.98% compared to the same period last year.
ZimVie reported better-than-expected earnings and sales, which is likely to positively impact the stock price in the short term. The significant EPS beat suggests strong operational performance, although the slight year-over-year sales decline may temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100