Zimmer Holdings reported year-end net earnings of $761 million, up 0.8 percent from 2012, boosted in part by strong fourth quarter sales.
The quarter's net earnings totaled $235.9 million. Zimmer made $1.24 billion in net sales during the fourth quarter, up 5 percent from the same period last year. The company's year-end total net sales reached $4.62 billion, up from 2012's $4.47 billion.
Sale of extremity and knee devices saw the biggest quarterly increase, while spine sales dropped 2 percent in the fourth quarter and 3 percent for the year.
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Sale of extremity and knee devices saw the biggest quarterly increase, while spine sales dropped 2 percent in the fourth quarter and 3 percent for the year.
More Articles on Devices:
Mazor Robotics Schedules Q4, Year-End Financial Results Conference Call
Dr. Isador Lieberman Performs 250 Surgeries with Mazor Robotics Spine Technology
Bone Graft & Substitutes Market Value to Increase to $2.7B by 2020