Zimmer Biomet's stock dropped despite beating earnings forecasts and declaring a dividend.

Zimmer Biomet, a medical technology company, saw its shares drop to $104.00 on Thursday, down from $108.25 the previous day. Despite this, the company reported a slight beat on earnings, with EPS of $2.31, and analysts have raised their target prices. Zimmer Biomet's CEO highlighted the company's recent acquisition of Paragon 28 as part of its strategy to diversify beyond core orthopedics. For 2025, the company forecasts an adjusted EPS of $8.15 to $8.35 and revenue of $7.8-7.9 billion. Zimmer Biomet also declared a quarterly dividend of $0.24 per share.

2 months ago
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