Published in Breaking News

Stryker sales up 6.1 percent in third quarter

BY MiBiz Staff Friday, October 27, 2017 11:41am

KALAMAZOO — Medical device maker Stryker Corp. reported revenues of $3 billion for the third quarter, a 6.1-percent increase from the same period a year earlier.

The Kalamazoo-based Stryker (NYSE: SYK) reported net income of $434 million, or $1.14 per diluted share, a 22-percent increase from the $355 million, or 95 cents per diluted share, in the third quarter of 2016.

Nine-month sales grew nearly 10 percent to $8.97 billion from a year earlier with net income of $1.13 billion, or $3.01 per diluted share.

“We delivered strong growth despite headwinds,” Chairman and CEP Kevin Lobo said in a statement. 

Stryker said it expects full-year sales growth of 6.5 percent to 7 percent for 2017 with adjusted net earnings of $6.45 to $6.50 per diluted share.

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