Despite the strong showing, Zimmer Holdings Inc. was still unable to meet Wall Street's expectations for the third quarter, according to Dow Jones Newswires.
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David Dvorak, Zimmer's president and chief executive, said that "challenging global-economic conditions" made the third quarter difficult but also noted that earnings for the period were still solid, reports the news source.
According to Dow Jones, the $12 billion medical device industry has been hurt as patients elect to put off surgery due to the down economy.
While such surgeries often address painful, chronic problems, some of the out-of-pocket costs, coupled with time off from work required, have forced a number of patients to delay their hip and knee replacements.