PORTAGE, Mich. (AP) — PORTAGE, Mich. (AP) — Stryker Corp. (SYK) on Tuesday reported third-quarter profit of $834 million.
The Portage, Michigan-based company said it had net income of $2.16 per share. Earnings, adjusted for amortization costs and pretax expenses, were $2.87 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.78 per share.
The medical device maker posted revenue of $5.49 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $5.37 billion.
Stryker expects full-year earnings in the range of $12 to $12.10 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYK at https://www.zacks.com/ap/SYK