Stryker: Q4 Earnings Snapshot
By AP News
Published - Jan 30, 2024, 04:30 PM ET
Last Updated - Jan 30, 2024, 04:30 PM EST
KALAMAZOO, Mich. (AP) — KALAMAZOO, Mich. (AP) — Stryker Corp. (SYK) on Tuesday reported fourth-quarter profit of $1.14 billion.
On a per-share basis, the Kalamazoo, Michigan-based company said it had net income of $2.98. Earnings, adjusted for one-time gains and costs, came to $3.46 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
The medical device maker posted revenue of $5.82 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $5.6 billion.