Stryker Earnings: Here’s Why Investors are Ambivalent Now
Stryker Corp. (NYSE:SYK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Stryker Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.04% to $1.00 in the quarter versus EPS of $0.98 in the year-earlier quarter.
Revenue: Rose 5.03% to $2.21 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stryker Corp. reported adjusted EPS income of $1 per share. By that measure, the company missed the mean analyst estimate of $1.03. It beat the average revenue estimate of $2.19 billion.
Quoting Management: “We delivered another solid quarter of operational results with balanced sales growth across all segments and geographies, as well as strong cash flow performance,” said Kevin A. Lobo, President and Chief Executive Officer. “Our earnings per share was impacted by foreign exchange headwinds which we expect to continue throughout the year.”
Key Stats (on next page)…