PORTAGE, Mich. (AP) — PORTAGE, Mich. (AP) — Stryker Corp. (SYK) on Thursday reported first-quarter profit of $654 million.
On a per-share basis, the Portage, Michigan-based company said it had profit of $1.69. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $2.84 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.73 per share.
The medical device maker posted revenue of $5.87 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $5.7 billion.
Stryker expects full-year earnings in the range of $13.20 to $13.45 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
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