Stryker Q1 2024 Adj EPS $2.50 Beats $2.35 Estimate, Sales $5.243B Beat $5.103B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stryker (NYSE:SYK) reported Q1 2024 adjusted earnings of $2.50 per share, surpassing the consensus estimate of $2.35. Quarterly sales reached $5.243 billion, exceeding estimates of $5.103 billion and marking a 9.73% increase from the previous year.
April 30, 2024 | 8:06 pm
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POSITIVE IMPACT
Stryker's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year growth in sales further underscores the company's strong performance and may bolster investor confidence in Stryker's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100