An investigation for investors in Zimmer Biomet Holdings Inc (NYSE:ZBH) shares over potential securities laws violations by Zimmer Biomet Holdings was announced and NYSE:ZBH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/08/2016 -- Zimmer Biomet Holdings Inc is under investigation over potential securities laws violations. The investigation was announced for investors NYSE:ZBH shares in connection certain financial statements made by Zimmer Biomet Holdings Inc.
Investors who purchased shares of Zimmer Biomet Holdings Inc (NYSE:ZBH), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Zimmer Biomet Holdings Inc (NYSE:ZBH) concerning whether a series of statements by Zimmer Biomet Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Zimmer Biomet Holdings Inc reported that its annual Total Revenue rose from over $4.67 billion in 2014 to over $5.99 billion in 2015 while its Net Income declined from $720.30 million in 2014 to $147.00 million in 2015. Shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) grew from under $70 per share in 2013 to as high as $132.74 per share on October 10, 2016.
Then on October 31, 2016 Zimmer Biomet Holdings Inc announced that it was reducing its full-year forecast for 2016 from a previous estimate of $7.71 billion, Zimmer Biomet Holdings Inc said it now predicts revenues to be between $7.63 billion and $7.65 billion.
Shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) declined to as low as $101.92 per share on November 2, 2016.
On November 7, 2016, NYSE:ZBH shares closed at $104.45 per share.
Those who purchased shares of Zimmer Biomet Holdings Inc have certain options and should contact the Shareholders Foundation.