KALAMAZOO — Stryker Corp. (SYK) on Thursday reported first-quarter profit of $323 million.
On a per-share basis, the Kalamazoo-based company said it had net income of 84 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.97 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The medical device maker posted revenue of $4.28 billion in the period, which also topped Wall Street forecasts. Ten analysts surveyed by Zacks expected $4.2 billion.
Stryker expects full-year earnings in the range of $9.60 to $10 per share.