Stryker Q4 Adj EPS $3.46 Beats $3.27 Estimate, Sales $5.82B Beat $5.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stryker Corporation (NYSE:SYK) reported Q4 adjusted earnings per share (EPS) of $3.46, surpassing the consensus estimate of $3.27 by 5.81%. This represents a 15.33% increase from the $3.00 EPS reported in the same quarter last year. Quarterly sales reached $5.82 billion, exceeding the consensus estimate of $5.60 billion by 3.84% and marking an 11.83% increase from the $5.20 billion reported in the previous year's comparable quarter.
January 30, 2024 | 9:13 pm
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POSITIVE IMPACT
Stryker's Q4 earnings and sales surpassed analyst estimates, with a significant year-over-year growth in both EPS and revenue.
Stryker's better-than-expected Q4 earnings and sales figures are likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The substantial year-over-year growth in both EPS and revenue indicates strong financial performance and may attract more investors, driving up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100