Stryker Corp. (SYK) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $654 million, or $1.69 per share. This compares with $788 million, or $2.05 per share, last year.
Excluding items, Stryker Corp. reported adjusted earnings of $1097 million or $2.84 per share for the period.
Analysts on average had expected the company to earn $2.73 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.9% to $5.867 billion from $5.243 billion last year.
Stryker Corp. earnings at a glance (GAAP) :
-Earnings: $654 Mln. vs. $788 Mln. last year.-EPS: $1.69 vs. $2.05 last year.-Revenue: $5.867 Bln vs. $5.243 Bln last year.
-Guidance:Full year EPS guidance: $13.20 to $13.45
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