Zimmer Biomet Holdings: Mixed Q3 Performance and Narrowed Guidance Justify Hold Rating6:51 PM Zimmer Biomet Holdings (NYSE: ZBH) Hold (2) ESG $99.00 (Prior $104.00) Q3 US Report THE TD COWEN INSIGHT Q3 sales nearly matched the Street target, at $2.00B vs $2.01B, while EPS beat by $0.03, at $1.90 vs $1.87. US organic sales growth was 5.6%, though this strength was partly offset by weakness in Latin America, emerging markets in Europe and non-core businesses. ZBH narrowed its full-year guidance for organic sales growth, to 3.5- 4.0% from 3.5-4.5%, and maintained its EPS guidance of $8.10-$8.30. The Q3 Sales Performance Was Mixed: Q3 revenue was $2.00B, up 9.7% on a reported basis, 8.6% on a CC basis and 5.0% on an organic basis.