Stryker Corp. (SYK) Misses Q1 EPS by 3c

Stryker Corp. (NYSE: SYK) reported Q1 EPS of $1.06, $0.03 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.33 billion.

2014 Outlook

There is no change to our previously disclosed guidance which calls for organic sales growth in 2014 to be in the range of 4.5% to 6.0% with adjusted diluted net earnings per share expected to be in the range of $4.75 to $4.90, excluding amortization of intangible assets. If foreign currency exchange rates hold near current levels, we expect net sales in the second quarter and full year of 2014 to be negatively impacted by less than 1.0%.

For earnings history and earnings-related data on Stryker Corp. (SYK) click here.

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