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Medical Giant Stryker Beats Quarterly Forecasts, But Shares Muted After Hours

Stryker stock dipped on Tuesday after the medical technology giant reported adjusted income of $2.25 per share on $4.29 billion in second-quarter sales.




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On average, analysts polled by FactSet expected Stryker (SYK) to earn $2.14 per share on $4.15 billion in sales.

In the year-earlier period, Stryker earnings were 64 cents a share and the company reported $3.59 billion in sales.

For the year, Stryker guided to adjusted earnings of $9.25-$9.40 per share and organic net sales growth of 9%-10% above 2019. Analysts projected adjusted profit of $9.19 a share and $17.17 billion in sales.

In after-hours trading on the stock market today, Stryker stock fell a fraction near 268.40. During the regular session, Stryker stock topped a buy point at 268.14 out of a flat base, according to MarketSmith.com.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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