Stryker: Q2 Earnings Snapshot

Associated Press Finance
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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.

Stryker expects full-year earnings in the range of $11.90 to $12.10 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYK at https://www.zacks.com/ap/SYK