$Stryker(SYK)$ beats estimates but plunged. next time pls don't schedule earnings +-1 day before Powell's speeches. his words alone can shoot down a dragon 🐲
Stryker's (SYK) Q1 Earnings Beat Estimates, Guidance Raised
Stryker Corporation SYK reported first-quarter 2024 adjusted earnings per share of $2.50, which beat the Zacks Consensus Estimate of $2.35 by 6.4%. The bottom line also improved 16.8% year over year.GAAP EPS was $2.05, up 33.1% from the year-ago quarter’s level.SYK’s shares have risen 19.5% year to date compared with the industry's growth of 6.7%. The S&P 500 Index has increased 10.1% in the same period.Revenues totaled $5.24 billion, which beat the Zacks Consensus Estimate of $5.05 billion by 3.7%. The top line also improved 9.7% on a year-over-year basis and 10.2% at constant currency .Revenues in the United States amounted to $3.91 billion, up 11.4% from the prior-year quarter’s reported actuals. International sales increased to $1.33 billion and grew 4.9% year over year reportedly. The figure also rose 6.8%, excluding the negative impact of currency.MedSurg and Neurotechnology: This segment reported sales of $3 billion, up 11.5% year over year and 12.0% at cc. Sales growth was dri
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