Stryker Beats Earnings and Offers Good Guidance

After the closing bell, Stryker (SYK) reported Q4 earnings of $2.49 per share. That beat Wall Street’s estimates by three cents per share. Stryker’s own range was $2.43 to $2.48 per share

Quarterly sales rose by 8.8% to $4.1 billion. For the year, Stryker earned $8.26 per share.

“We had an excellent finish to 2019, achieving 8.1% full-year organic sales growth and 13% adjusted EPS gains. This marks our seventh consecutive year of accelerating organic sales growth and is a testament to our talent, culture and durable operating model,” said Kevin Lobo, Chairman and Chief Executive Officer. “The performance was balanced across businesses and geographies and positions us well for continued success.”

For Q1, Stryker expects earnings of $2.05 to $2.10 per share. Wall Street had been expecting $2.05 per share. For all of 2020, Stryker is looking for earnings of $9.00 to $9.20 per share. The Street was expecting $9.03 per share.

This is a solid report. Last month, Stryker increased its dividend by 11%. This was their 27th annual dividend increase in a row.

Posted by on January 28th, 2020 at 4:22 pm


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