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News  ›  GlobeNewswire Inc.

Zimmer Biomet Holdings (ZBH) Faces Investor Scrutiny Amid Emerging Markets Distributor Orders Cancelation, Reduced Top-Line Revenue Forecast -- Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Reed Kathrein
Zimmer Biomet Holdings (ZBH) Faces Investor Scrutiny Amid Emerging Markets Distributor Orders Cancelation, Reduced Top-Line Revenue Forecast -- Hagens Berman

Zimmer Biomet Holdings experienced a significant stock price drop after revealing distributor order cancellations in emerging markets and reducing its revenue forecast, prompting a shareholder investigation into potential securities law violations.

Insights
WFC   neutral

Mentioned as top holding in Monte Financial Group's portfolio with no specific performance details


ZBH   negative

Stock price dropped 15% after missing revenue forecasts, experiencing distributor order cancellations in Middle East and Eastern Europe, and reducing organic revenue growth expectations from 3.5-4.5% to 4%