Stryker: Q2 Earnings Snapshot

July 26, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYK at https://www.zacks.com/ap/SYK