Stryker Rallies on Earnings

There’s one more earnings report to mention. After the bell yesterday, Stryker ($SYK) reported fourth-quarter earnings of $1.02 per share which was inline with Wall Street’s forecast. For the year, Stryker earned $3.72 per share. Previously, Stryker told us to expect full-year earnings between $3.72 and $3.74 per share.

Changes in product mix and volume increases helped drive revenue. Stryker said sales in its MedSurg segment climbed 11 percent to $857 million due to higher shipments of emergency medical and surgical equipment and surgical navigation systems, among other items.

The Kalamazoo, Mich., company earned $401 million, or $1.05 per share, in the three months that ended Dec. 31. That compares with net income of $295 million, or 74 cents per share, in the 2010 quarter. Adjusted earnings, which exclude one-time items, totaled $1.02 per share in the latest period.

Stryker reiterated its forecast for 2012 of “double digit” earnings growth. That implies earnings of $4.09 per share for 2012 so Stryker is currently going for about 13.3 times this year’s earnings. The stock has been up as much as 3.97% today.

Posted by on January 25th, 2012 at 12:25 pm


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