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Zimmer: Q1 Earnings Snapshot

WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Tuesday reported first-quarter profit of $238.1 million.

The Warsaw, Indiana-based company said it had net income of $1.22 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $2.09 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.

The orthopedic device maker posted revenue of $2.09 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $2.05 billion.

Zimmer expects full-year earnings in the range of $8.40 to $8.55 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZBH at https://www.zacks.com/ap/ZBH

ING: Q2 Earnings Snapshot

AMSTERDAM (AP) — AMSTERDAM (AP) — ING Groep NV (ING) on Thursday reported net income of $2.26 billion in its second quarter. The Amsterdam-based bank said it had earnings of 79 cents per share. The financial services provider posted revenue of $7.31 billion in the period. Its revenue net of interest expense was $7.31 billion, surpassing Street forecasts. _____
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