Stryker Q3 Earnings Miss Estimates With $753 Million Profit, Revenue of $6.52 Billion

Stryker Corp. (SYK) reported third-quarter profit of $753 million on Thursday, with adjusted earnings of $3.52 per share falling short of the $3.56 average estimate from nine analysts surveyed by Zacks Investment Research. The Portage, Michigan-based medical device maker posted revenue of $6.52 billion, also missing Street forecasts of $6.58 billion from seven analysts. GAAP profit came to $1.96 per share, with adjustments for asset impairment and amortization costs. Stryker guided full-year earnings in the range of $14.80 to $14.90 per share.