PORTAGE, Mich. (AP) — PORTAGE, Mich. (AP) — Stryker Corp. (SYK) on Thursday reported second-quarter net income of $1.28 billion.
The Portage, Michigan-based company said it had profit of $3.30 per share. Earnings, adjusted for one-time gains and costs, came to $3.69 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.
The medical device maker posted revenue of $6.59 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $6.56 billion.
Stryker expects full-year earnings in the range of $14.95 to $15.10 per share.
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