UPDATE: Stryker Posts Upbeat Q4 Profit
Stryker (NYSE: SYK) reported a drop in its fourth-quarter profit.
Stryker's quarterly profit declined to $270 million, from $401 million, in the year-ago quarter. Its per-share earnings came in at $0.71. Excluding one-time items, Stryker earned $1.14 per share.
Analysts were expecting earnings of $1.12 per share. Its revenue climbed to $2.34 billion from $2.22 billion.
Stryker shares rose 0.13% to $61.95 in after-hours trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.