03.08.2023 23:07:16 - dpa-AFX: Stryker Corp. Q2 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Stryker Corp. (SYK) announced earnings for its second
quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $738 million, or $1.93 per share. This
compares with $656 million, or $1.72 per share, in last year's second quarter.

Excluding items, Stryker Corp. reported adjusted earnings of $976 million or
$2.54 per share for the period.

Analysts on average had expected the company to earn $2.38 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 11.4% to $5.00 billion from $4.49
billion last year.

Stryker Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $738 Mln. vs. $656 Mln. last year.
-EPS (Q2): $1.93 vs. $1.72 last year.
-Analyst Estimate: $2.38
-Revenue (Q2): $5.00 Bln vs. $4.49 Bln last year.

-Guidance:
Full year EPS guidance: $10.25 to $10.45


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Stryker Corp 864952 NYSE 340,420 31.05.24 19:50:54 -0,100 -0,03% 340,330 340,540 340,540 340,520

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