UPDATE: Stryker Posts Upbeat Q4 Profit

Stryker

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.