Stryker Cites Volatility in Short-term Outlook
January 27 2022 - 4:53PM
Dow Jones News
By Maria Armental
Stryker Corp. expects a roughly 6% to 8% annual sales increase
on an organic basis and warned of pandemic-related volatility.
The company, which previously pointed to labor and staffing
shortages in healthcare, on Thursday said it expects an adjusted
profit for the year of $9.60 to $10 a share and said that foreign
currency exchange rates could have a moderate benefit on profit and
sales.
The company said it expects unfavorable price reductions of
about 1% in 2022.
Analysts surveyed by FactSet expect an adjusted profit of $10.16
a share and about $18.31 billion in revenue.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 27, 2022 16:38 ET (21:38 GMT)
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