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Stryker: Q4 Earnings Snapshot

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.

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