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Zimmer Holdings net earings fall to $202.2 million

LONDON (MarketWatch) — Zimmer Holdings (ZMH 42.63, +0.34, +0.8%) on Thursday said net earnings fell to $202.2 million, or 91 cents a share, in the first quarter from $239.3 million, or $1.02 a share, in the same period a year ago. Adjusted net earnings were $210 million, or 95 cents a share, compared to $244.3 million, or $1.04 a share, the previous year. Analysts surveyed by FactSet Research produced a consensus forecast of 94 cents a share. First-quarter net sales fell 6.3% to $993 million. The Warsaw, Ind.-based maker of orthopedic devices and surgical products reaffirmed 2009 sales and earnings guidance. It expects full-year revenues to grow 1% to 3%. Adjusted earnings are projected to be in a range between $3.85 and $4 a share. Analysts surveyed by FactSet expect earnings of $3.88 a share.

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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