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Stryker Corporation Message Board

  • airlifter2 airlifter2 Oct 21, 2009 6:29 PM Flag

    Selling, general and administrative expenses as a percentage of sales declined

    Stryker Corporation (SYK) yesterday reported third quarter earnings per share of 69 cents, in line with the Zacks Consensus Estimate and higher than the year-ago earnings of 66 cents. Net sales were flat year over year at approximately $1.7 billion. An unfavorable foreign exchange translation (FX) negatively affected net sales in the quarter.

    Excluding FX, net sales increased 1.2% year over year. On a geographic basis, U.S. sales contributed roughly 65% of total sales and increased 0.2% year over year. International sales declined 0.3% year over year. In terms of business segments: Orthopaedic Implants sales increased 5.5% year over year to $1.0 billion. Growth was contributed by all the products, such as Hips, Knees, Trauma, Spine, and Craniomaxillofacial.

    Article: http://www.stockbloghub.com/2009/10/21/syk-stryker-corporation-meets-earnings-expectations/18372

 
SYK
78.78-0.27(-0.34%)Apr 17 4:03 PMEDT

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