Stryker Lifts Low End of Profit Guidance Range
October 29 2019 - 4:59PM
Dow Jones News
By Kimberly Chin
Stryker Corp. (SYK) raised the low end of its profit target
range for fiscal 2019 to $8.20 to $8.25 a share from $8.15 to $8.25
a share.
For the current quarter, the company expects adjusted earnings
between $2.43 and $2.48 a share.
The medical devices company said that foreign currency exchange
rates could weigh on sales in the fourth quarter and full year,
shaving off roughly 1%.
Shares of Stryker were off 3% in after-hours trading
Tuesday.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
October 29, 2019 16:44 ET (20:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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