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)

Copyright (c) 2022 Dow Jones & Company, Inc.
Stryker (NYSE:SYK)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more Stryker Charts.
Stryker (NYSE:SYK)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Stryker Charts.