Stryker Posts Lower 3Q Profit After Higher Expenses
October 29 2019 - 4:53PM
Dow Jones News
By Kimberly Chin
Stryker Corp. (SYK) posted a drop in quarterly earnings as the
company had higher operating expenses.
The Michigan company's third-quarter profit fell to $466
million, or $1.23 a share, from $590 million, or $1.55 a share, a
year earlier. Analysts polled by FactSet were expecting per-share
profit of $1.68.
Adjusted profit was $1.91 a share, a 13% increase from a year
earlier.
Revenue rose to about $3.6 billion from $3.24 billion in the
prior year. This was roughly in line with analysts' expectations of
$3.58 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
October 29, 2019 16:38 ET (20:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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