SYK Stryker Corp

   By Allison Prang 
 

Stryker Corp. said it expects organic net sales this year to increase between 8% and 10% from two years ago.

The company said 2019 "is a more normal baseline given the variability throughout 2020."

The medical-device company said it expects between $8.80 and $9.20 in adjusted earnings per share for the year. According to FactSet, analysts are expecting $9.16 a share.

Stryker also said it expects unfavorable price cuts of about 1%.

"This guidance assumes an ongoing recovery in our key geographies leading to more normalized elective procedure levels during the second quarter of 2021," Stryker said.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

January 27, 2021 17:11 ET (22:11 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.