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Zimmer 1st-Quarter Profit Rises Amid Lower Operating Expenses

Zimmer Holdings Inc.'s (ZMH) first-quarter earnings rose 4.3% as the orthopedic-products maker recorded a drop in operating expenses, though revenue edged down slightly as the latest period included two fewer billing days in certain key markets.Like its peers in the orthopedics industry, Zimmer has faced a weak domestic market for reconstructive hip and knee products as people delay surgeries in a still-uncertain economic environment. In recent quarters, however, there are signs the declines are stabilizing.Earlier this month, rival orthopedic-medical-device maker Biomet Inc. reported its fiscal third-quarter loss widened as the company was bogged down by a large write-down, although revenue continued to climb and core earnings strengthened. And Stryker Corp.'s (SYK) first-quarter earnings fell 13% as the company was hurt by product-recall-related charges and other items that offset sales growth.Zimmer reported a profit of $218.6 million, or $1.28 a share, up from $209.6 million, or $1...

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  1. Zimmer Profits Slide but U.S. Hip, Knee Sales Rise 2%

    Zimmer Holdings Inc.'s (ZMH) fourth-quarter earnings fell 2.4%, due in part to a write-down of its spinal device unit, while revenue improved on an uptick in U.S. sa...

  2. Zimmer 4th-Quarter Net Falls 2.4% on Charges

    Zimmer Holdings Inc.'s (ZMH) fourth-quarter earnings fell 2.4%, due in part to impairment and other charges, while revenue improved despite weak sales of hip and kne...

  3. Stryker Fourth-Quarter Profit Down 33% on Heavy Charges

    Stryker Corp.'s (SYK) fourth-quarter earnings fell 33% as the medical-device maker recorded hefty charges related to a product recall, while sales continued to stren...

  4. Stryker Reports 32% Lower Profit

    Stryker Corp. on Wednesday reported fourth-quarter profit of $270 million, compared to $401 million in the same quarter last year. The firm reported per-share earnin...

  5. Stryker Offers to Acquire China Spine-Products Maker

    Stryker Corp. (SYK) offered to acquire spine-products maker Trauson Holdings Co. (0325.HK) for about $764 million Hong Kong dollars (US$98.5 million), a deal that wo...

  6. General Dynamics tells 139 workers of pending layoffs

    General Dynamics Corp said on Monday it notified 139 of its employees at the U.S. Army Depot in Anniston, Alabama last week that they face layoffs beginning in March...

  7. General Dynamics notifies 139 Alabama workers of pending layoffs

    General Dynamics Corp on Monday said it notified 139 of its employees at the U.S. Army Depot in Anniston, Alabama last week that they face layoffs beginning in March...

  8. Stryker Edges Up 2012 Earnings View

    Stryker Corp. (SYK) bumped up its 2012 earnings forecast slightly but warned that the negative impact of foreign currency exchange rates could hurt its 2013 sales.Th...

  9. Stryker Edges Up 2012 Earnings View; Sees Foreign Exchange Rates Hurting 2013 Sales

    Stryker Corp. (SYK) bumped up its 2012 earnings forecast slightly, but warned the negative impact of foreign currency exchange rates could hurt its 2013 sales.The me...

  10. Surprisingly, Politicians Could Boost Medical Device ETFs

    It is a big "if" regardless of sector or asset class, the "if" being possible help from Capitol Hill, but it is possible that a group of U.S. senators could boost th...

  11. Stryker Increases Dividend 25%, Adds $405 Million in Share Buybacks

    Stryker Corp.'s (SYK) board has increased its quarterly dividend by 25% and authorized an additional $405 million in share repurchases, as the medical-device maker l...

  12. Health Care, Financials, Fiscal Cliff and Stocks

    Surevest Capital Management CEO Robert Luna gives tips for investing in the markets.

  1. Stryker 1st-Quarter Profit Fell 13% As Product-Recall Charges, Other Items Mask Sales Growth

    Stryker Corp.'s (SYK) first-quarter earnings fell 13% as the medical-device maker was hurt by product-recall-related charges and other items that offset sales growth...

  2. J&J tops estimates as prescription, OTC drugs shine

    Johnson & Johnson beat Wall Street's quarterly profit estimates on sharply lower taxes, strong sales of prescription drugs and a revival of over-the-counter medicine...

  3. Health Care Stocks: The Patient is Improving

    The prognosis for health care stocks is rosy.After riding a wave of uncertainty, health care company vital signals are now turning favorable. President Barack Obama'...

  4. FDA Says Recalled Stryker Knee Surgery Devices May Cause Serious Problems

    The Food and Drug Administration said that there is a "reasonable probability" that the use of certain Stryker Corp. (SYK) devices for knee surgery, recalled in Janu...

  5. Dentsply Finance Chief Jellison Resigns to Join Stryker

    Dentsply International Inc. (XRAY) is realigning executive management responsibilities as Chief Financial Officer William Jellison has resigned to become vice presid...

  6. Styrker Gets FDA Warnings Letter for Failing to Notify Agency of Recall

    Stryker Corp. (SYK) received a U.S. Food and Drug Administration warning letter for failing to notify the agency of a product recall and other quality system concern...

  7. Four Surprising Companies that Supply Defense Industry

    From the iconic American tractor manufacturer to the Austrian company renowned for creating women's jewelry, some surprising companies have diversified into the defe...

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