Stryker: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:19 AM ET
Last Updated - Jul 31, 2024, 03:19 AM EDT
PORTAGE, Mich. (AP) — PORTAGE, Mich. (AP) — Stryker Corp. (SYK) on Tuesday reported second-quarter net income of $825 million.
The Portage, Michigan-based company said it had profit of $2.14 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.81 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The medical device maker posted revenue of $5.42 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $5.41 billion.
