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  • Today

      Show headlines and story abstract
    • 4 hours ago by MT Newswires
      Companies Mentioned: SYK
      04:43 PM EDT, 04/30/2024 (MT Newswires) -- Stryker (SYK) reported Q1 adjusted earnings late Tuesday of $2.50 per diluted share, up from $2.14 a year earlier. Analysts polled by Capital IQ expected $2.36. Net sales in the quarter ended March 31 rose ...
    • 4 hours ago by MT Newswires
      Companies Mentioned: SYK
      04:23 PM EDT, 04/30/2024 (MT Newswires) -- Price: 330.00, Change: -6.34, Percent Change: -1.88 ...
    • 4 hours ago by MT Newswires
      Companies Mentioned: SYK
      04:20 PM EDT, 04/30/2024 (MT Newswires) -- ...
    • 4 hours ago by Dow Jones
      Companies Mentioned: SYK

      By Ben Glickman

      Stryker raised its full-year forecast for organic sales growth after its first-quarter profit and revenue both rose more than expected.

      The Portage, Mich.-based medical technology company reported a profit of $788 million, or $2.05 a share, in the quarter ended March 31, compared with a profit of $592 million, or $1.54 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $1.99.
    • 4 hours ago by Dow Jones
      Companies Mentioned: SYK
      Recall-related matters (d) -- (5) -- 5 -- 1 4 0.1 0.01 Regulatory and legal matters (e) -- (2) -- 2 -- 1 1 -- -- Tax matters (f) -- -- -- -- -- (41) 41 (4.4) 0.11 ------------- ------------- ----- ------------ ----- ------------- ------------- ------------ ------------ ------------ ------------ Adjusted $ 3,337 $ 1,835 $ 356 $ 1,146 $ (49) $ 135 $ 962 12.3% $ 2.50 ------------- ------------- ----- ------------ ----- ------------- ------------- ------------ ------------ ------------ ------------ Adjusted percent net sales 63.6% 35.0% 6.8% 21.9% (0.9) % nm 18.3% ============= ============= ==== ============ ==== ============= ================= ============= ============ Research, Selling, General & Development & Administrative Engineering Other Income Income Effective Three Months 2023 Gross Profit Expenses Expenses Operating Income (Expense), Net Taxes Net Earnings Tax Rate Diluted EPS ----------------------- ------------------ --------------------- -------------------- ------------------ ----------------- ----------- ----------------- ----------------- ------------- Reported $ 3,016 $ 1,781 $ 339 $ 735 $ (56) $ 87 $ 592 12.8% $ 1.54 Reported percent net sales 63.1% 37.3% 7.1% 15.4% (1.2) % nm 12.4% Acquisition and integration-related costs: Inventory stepped-up to fair value -- -- -- -- -- -- -- -- -- Other acquisition and integration-related (a) -- (6) -- 6 -- 1 5 0.1 0.01 Amortization of purchased intangible assets -- -- -- 161 -- 34 127 2.0 0.33 Structural optimization and other special charges (b) 2 (40) -- 42 -- 8 34 0.3 0.09 Medical device regulations (c) -- -- (28) 28 -- 5 23 0.2 0.06 Recall-related matters (d) -- -- -- -- -- -- -- -- -- Regulatory and legal matters (e) -- (34) -- 34 -- 6 28 0.3 0.07 Tax matters (f) -- -- -- -- (9) (20) 11 (2.9) 0.04 ------------- ------------- ----- ------------ ----- ------------- ------------- ---------- ------------ ------------- ------------ Adjusted $ 3,018 $ 1,701 $ 311 $ 1,006 $ (65) $ 121 $ 820 12.8% $ 2.14 ------------- ------------- ----- ------------ ----- ------------- ------------- ---------- ------------ ------------- ------------ Adjusted percent net sales 63.2% 35.6% 6.5% 21.1% (1.4) % nm 17.2% ============= ============= ==== ============ ==== ============= ================= =========== ============

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