Stryker: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 04:30 PM ET
Last Updated - Jun 22, 2023, 12:22 AM EDT
KALAMAZOO, Mich. (AP) — KALAMAZOO, Mich. (AP) — Stryker Corp. (SYK) on Monday reported first-quarter profit of $592 million.
The Kalamazoo, Michigan-based company said it had profit of $1.54 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.14 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The medical device maker posted revenue of $4.78 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $4.55 billion.
