Zimmer Biomet Warns of Softness in Near Term; Holding Steady on Our FVE
Zimmer Biomet posted relatively strong third-quarter results that slightly exceeded our expectations on the top line thanks to favorable timing of tenders and an easy comparison with the prior-year period. Although shares have dipped following management comments aimed at tempering expectations as the firm exits 2018, we're holding steady on our fair value estimate, as the firm remains on track to meet our full-year projections, and the timing differences and the transition of bringing bone ceme...Zimmer Biomet Holdings is engaged in musculoskeletal healthcare. The company's products are: Knees, which includes knee replacement surgeries; Hips, which includes hip replacement surgeries; S.E.T., which includes surgical, sports medicine, biologics, foot and ankle, extremities and trauma products; Spine and Craniomaxillofacial and Thoracic, which designs, manufactures and distributes medical devices and surgical instruments, as well as provides face and skull reconstruction products; Dental, which manufactures and/or distributes dental reconstructive implants, dental prosthetic products and dental regenerative products; and Other, which includes bone cement and office based technology products.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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