Stryker reported third quarter earnings that beat analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.69 on revenue of $3.24B. Analysts polled by anticipated EPS of $1.68 on revenue of $3.26B. That compared to EPS of $1.52 on revenue of $3.01B in the same period a year earlier. The company had reported EPS of $1.76 on revenue of $3.32B in the previous quarter.
Stryker shares lost 2.58% to trade at $161.00 in after-hours trade following the report.
For the year, Stryker shares are up 5.5%, outperforming the S&P 500 which is up 0.81% year to date.
Stryker follows other major Healthcare sector earnings this month
On October 16, J&J (NYSE:JNJ) reported third quarter EPS of $2.05 on revenue of $20.35B, compared to forecasts of EPS of $2.03 on revenue of $20.04B.
Novartis ADR earnings beat analyst's expectations on October 18, with third quarter EPS of $1.32 on revenue of $12.78B. analysts expected EPS of $1.31 on revenue of $12.98B
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