Stryker: Q2 Earnings Snapshot
KALAMAZOO, Mich. (AP) _ Stryker Corp. (SYK) on Tuesday reported second-quarter net income of $656 million.
On a per-share basis, the Kalamazoo, Michigan-based company said it had net income of $1.72. Earnings, adjusted for one-time gains and costs, came to $2.25 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The medical device maker posted revenue of $4.49 billion in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $4.53 billion.
Stryker expects full-year earnings in the range of $9.30 to $9.50 per share.