Microsoft on Tuesday unveiled the Xbox One, an entertainment console meant to be the one system households will need for games, television, movies and other entertainment.Zimmer Holdings Inc. today reported first-quarter earnings of $209.6 million, or $1.17 per diluted common share, on sales of $1.141 billion.
The company’s profits were flat compared to $208.9 million, or $1.08 a share, reported for first-quarter 2011 on sales of $1.116 billion.
The Warsaw-based orthopedic devices maker used $141.6 million of its cash reserve to buy back 2.3 million shares of Zimmer stock.
David Dvorak, president and CEO, said the company’s growth was balanced.
“Zimmer delivered year-over-year sales growth in all geographic segments and in most product categories in the quarter,” he said in a statement.
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