PORTAGE, Mich. (AP) 鈥� PORTAGE, Mich. (AP) 鈥� Stryker Corp. (SYK) on Thursday reported first-quarter earnings of $745 million.
On a per-share basis, the Portage, Michigan-based company said it had profit of $1.93. Earnings, adjusted for one-time gains and costs, were $2.60 per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.98 per share.
The medical device maker posted revenue of $6.02 billion in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $6.29 billion.
Stryker expects full-year earnings in the range of $14.90 to $15.10 per share.
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