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This is a bit strange. Lilly is down today on good news and Stryker is up on bad news. I don’t get it, but I didn’t write the rules.

Eli Lilly (LLY) earned $1.20 a share which was 18 cents better than estimates. The company also raised EPS guidance for next year to $4.30 to $4.40 from their earlier estimate of $4.20 to $4.30. The stock was up in the pre-market but is down now. I have no idea why, but Lilly is a great stock.

Stryker (SYK) is our big winner today. The company said it earned 69 cents a share for the third quarter which matched estimates. The company also cut its 2009 EPS forecast to $2.90 and $3 from $3.12 to $3.22, but that’s hardly a big deal since it’s just one more quarter.

SEI Investments’ (SEIC) business got hit hard last year, but it’s recovering nicely. The company earned 27 cents a share for the third quarter which is a 50% jump from the 18 cents a share it earned a year ago. They beat the Street by two cents a share.

Cognizant (CTSH), Danaher (DHR) and Sysco (SYY) are all at new 52-week highs today.

Posted by edelfenbein at October 21, 2009 11:16 AM