Stryker Swings to 2Q Profit as Pandemic Moderated
July 27 2021 - 5:05PM
Dow Jones News
By Jeffrey T. Lewis
Stryker Corp. on Tuesday reported a profit in the second
quarter, after a loss in the same period of 2020, as sales jumped
while the pandemic moderated.
The Kalamazoo, Mich.-based medical technology company reported
net profit of $592 million in the quarter, after a loss of $83
million in the same period a year earlier, while net sales rose
55.4% from the second quarter of last year to $4.3 billion.
The company's reported net earnings per diluted share reached
$1.55, compared with a loss of $0.22 per share a year earlier,
while adjusted net earnings per diluted share rose to $2.25 from
$0.64 in the second quarter of 2020.
Stryker said it expects organic net sales growth for this year
of 9% to 10% compared with 2019 and the company expects adjusted
net earnings per diluted share to be in the range of $9.25 to $9.40
in 2021.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
July 27, 2021 16:51 ET (20:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Stryker (NYSE:SYK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Stryker (NYSE:SYK)
Historical Stock Chart
From Apr 2023 to Apr 2024