Stryker Earnings Miss, Revenue Beats In Q1
2022.04.29 00:46
Stryker Earnings Miss, Revenue Beats In Q1
Investing.com – Stryker (NYSE:SYK) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Stryker announced earnings per share of $1.97 on revenue of $4.28B. Analysts polled by Investing.com anticipated EPS of $1.98 on revenue of $4.18B.
Stryker shares are up 35.36% from the beginning of the year, still down 10.34% from its 52 week high of $281.16 set on September 9, 2021. They are outperforming the S&P 500 which is down 10.04% from the start of the year.
Stryker shares gained 1.15% in after-hours trade following the report.
Stryker follows other major Healthcare sector earnings this month
Stryker’s report follows an earnings beat by UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
