Stryker (SYK) Announces $33M Offer to DoJ Related to OtisKnee Subpoena, Sees Charges in Q2
- Market Wrap: Hayman Likes GM; Pandora Skirts Competition; Private Sector Jobs Bonanza
- After Hours Stock Movers 12/4: (PBYI) (MFRM) (GGP) Higher; (LGP) (SNPS) (ARO) Lower (more...)
- General Growth Properties (GGP) Set to Join the S&P 500
- Fed Saw 'Modest to Moderate' Growth with Stronger Manufacturing
- Oops, He Did it Again!... Greenspan Calls Bitcoin a 'Bubble'
In a Form 8-K after the close, Stryker (NYSE: SYK) disclosed the company offered $33 million to the DoJ on May 31st, 2012 related to a subpoena in regards to the sales and marketing of the OtisKnee device. The charge is expected to reduce reported diluted net earnings per share by approximately $0.09 for the second quarter of 2012 and will be excluded from adjusted diluted net earnings per share.
You May Also Be Interested In
- Guess?, Inc. (GES) Tops Q3 EPS by 4c; Guides Q4, FY14 EPS and Revs
- Enbridge (ENB) Guides FY14 EPS Within Expectations
- Exa (EXA) Tops Q3 EPS by 1c; Guides Q4, FY14 Revs
Create E-mail Alert Related CategoriesCorporate News, Guidance
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!