SYK Stryker Corp

   By Maria Armental 
 

Stryker Corp. reported fourth-quarter and full-year results on Tuesday. Here's what you need to know:

PROFIT: Net income dropped to $725 million, or $1.90 a share from the $2.07 billion, or $5.44 a share reported a year earlier. The year-ago results had a $1.5 billion non-cash tax benefit. On an adjusted basis, profit rose to $2.49 a share from $2.18 a share a year earlier. Analysts surveyed by FactSet expect $2.23 a share, or $2.46 a share on an adjusted basis. Stryker had projected $2.43 to $2.48 a share in adjusted profit.

REVENUE: Net sales rose to $4.13 billion from $3.8 billion a year earlier. Analysts expected $4.11 billion.

OUTLOOK: This year, the company expects $9 to $9.20 a share in adjusted profit and net sales, excluding the impact of currency movements and acquisitions, to increase 6.5% to 7.5%. Analysts expect a roughly 7% revenue increase this year and for adjusted profit to reach $9.03 a share.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

January 28, 2020 16:27 ET (21:27 GMT)

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