Stryker Made $2.18 per Share

Stryker (SYK) just reported Q4 earnings of $2.18 per share. That’s an increase of 11.2% and it’s three cents better than expectations. Stryker had given us a range of $2.13 to $2.18 per share, so they’re hitting the top end of that. For the quarter, net sales rose 9.4% to $3.8 billion. Organic sales were up 8.6% and operating margin rose to 27.5%.

For the year, Stryker made $7.31 per share. That’s an increase of 12.6% of the $6.49 per they made last year.

“We had an excellent finish to 2018 with the best organic sales growth in a decade, and strong adjusted earnings performance,” said Kevin A. Lobo, Chairman and Chief Executive Officer. “Our multi-year momentum reflects the strength of our diversified model, progress on globalization and outstanding people and culture. We are well positioned to deliver for our customers, employees and shareholders in 2019 and beyond.”

For Q1, Stryker says it expects earnings to range between $1.80 and $1.85. Wall Street was at $1.84, which I thought might be too high. For the year, Stryker sees earnings between $8 and $8.20 per share. Wall Street was expecting $8.01.

The shares are up 5% in the after-hours market.

Posted by on January 29th, 2019 at 4:28 pm


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