Stryker Corporation recently revealed increased profits for its first quarter, outperforming expectations. Earnings came in at $788 million, $2.05 per share, up from last year's first quarter results of $592 million, $1.54 per share.
When considering special items, Stryker's adjusted earnings were noted at $962 million or $2.50 per share for the period in question. This result surpasses average analyst predictions, which anticipated earnings of $2.35 per share, as per data compiled by Thomson Reuters. Note, these estimations typically exclude any special items.
Stryker also reported promising revenue growth for the quarter, seeing an increase of 9.6%; this equates to earnings of $5.24 billion, up from $4.78 billion in the same period the year prior.
Further details of Stryker Corporation's earnings for the first quarter (following GAAP) included earnings of $788 million versus $592 million last year, EPS of $2.05 as opposed to $1.54 last year and revenue of $5.24 billion up from last year's $4.78 billion.
In terms of Stryker's full-year EPS guidance, expectations are set between $11.85 and $12.05.
