Stryker reports first quarter 2020 operating results
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Stryker (SYK) Tops Q1 EPS by 15c, Revenues Beat
April 30, 2020 4:22 PM EDTStryker (NYSE: SYK) reported Q1 EPS of $1.84, $0.15 better than the analyst estimate of $1.69. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.45 billion.
First Quarter Results
Reported net sales increased 2.0% to $3.6 billionOrganic net sales increased 2.4%Reported operating income margin of 17.7%Adjusted operating income margin(1) contracted 110 bps to 24.0%Reported EPS increased 19.3% to $1.30Adjusted EPS(1) decreased 2.1% to $1.84"Our first quarter organic sales growth of 2.4% reflects strong momentum through much of... More
