02.11.2023 22:16:49 - dpa-AFX: Stryker Corp. Q3 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Stryker Corp. (SYK) revealed a profit for third
quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $692 million, or $1.80 per share. This
compares with $816 million, or $2.14 per share, in last year's third quarter.

Excluding items, Stryker Corp. reported adjusted earnings of $944 million or
$2.46 per share for the period.

Analysts on average had expected the company to earn $2.43 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 9.6% to $4.91 billion from $4.48
billion last year.

Stryker Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $692 Mln. vs. $816 Mln. last year.
-EPS (Q3): $1.80 vs. $2.14 last year.
-Analyst Estimates: $2.43
-Revenue (Q3): $4.91 Bln vs. $4.48 Bln last year.

-Guidance:
Full year EPS guidance: $10.35 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 338,180 31.05.24 21:35:44 -2,340 -0,69% 338,070 338,290 340,540 340,520

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