Hostess Brands Inc (TWNK) Reports 1.9% Increase in Net Revenue for Q3 2023
Merger with The J. M. Smucker Company and Financial Highlights Discussed
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Merger with The J. M. Smucker Company and Financial Highlights Discussed
Despite a Net Loss of $1,096 million, Adjusted EBITDA Increases to $214 million
Zimmer Biomet Holdings Inc on Tuesday beat Wall Street estimates for third-quarter profit, as a rebound in knee surgeries lifted demand for the medical device maker's products. On an adjusted basis, the company reported a profit of $1.65 per share, compared with analysts' average estimate of $1.60, according to LSEG data. Larger peers Abbott Laboratories and Boston Scientific had also topped quarterly profit estimates on easing staffing shortages and a surge in hospital admissions for elective procedures deferred during the pandemic.
Company narrows 2023 EPS guidance range to $5.55 to $5.65
Adjusted EPS Exceeds Guidance, Reflecting Strong Operational Performance