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Zimmer Holdings Inc Raises FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates

Thursday, 25 Jul 2013 07:02am EDT 

Zimmer Holdings Inc announced that it updated its fiscal 2013 revenue and EPS guidance. For fiscal 2013, it expects revenues to increase between 4.0% and 5.0% on a constant currency basis from fiscal 2012. Previously, the Company had estimated full-year revenues would increase between 2.5% and 4.5% constant currency. The Company estimates that foreign currency translation will decrease revenues by approximately 2.0% for fiscal 2013, resulting in reported revenue growth between 2.0% and 3.0%. Previously, the Company had estimated foreign currency translation would decrease revenues by approximately 1.5%. The Company now projects fiscal 2013 diluted earnings per share (EPS) to be in a range of $4.70 to $4.80 on a reported basis and $5.70 to $5.80 on an adjusted basis. Prior guidance for full-year 2013 reported and adjusted diluted earnings per share was $5.05 to $5.25 and $5.65 to $5.85, respectively. The Company reported revenue of $4.47 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $4.56 billion and EPS of $5.76 for fiscal 2013. 

Company Quote

0.59 +0.54%
1 May 2015