Earnings stock to watch: Stryker Corporation (NYSE: SYK)

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Stryker Corporation (NYSE: SYK) stock fell over 1.2% on 29th January, 2020 (As of 1:06 pm GMT-5; Source: Google finance) after the company lower than expected results for the fourth quarter of FY 19. The company has delivered gross profit margin and reported operating income margin of 65.4% and 22.9% in the quarter and 65.1% and 18.2% in the full year. Organic net sales rose 7.3% and 6.7% in the fourth quarter and full year including 8.5% and 8.2% from increased unit volume which is partially offset by 1.2% and 1.5% from lower prices.

SYK in the fourth quarter of FY 19 has reported the adjusted earnings per share of $2.49, while reported the adjusted revenue growth of 8.8 percent to $4.13 billion in the fourth quarter of FY 19

Moreover, the company has reported MedSurg’s net sales of $1.8 billion and $6.6 billion, which have increased 6.8% and 8.8% in the quarter and full year and 7.4% and 9.9% in constant currency. Organic net sales rose 6.8% and 8.9% in the quarter and full year including 7.2% and 9.4% from increased unit volume partially offset by 0.4% and 0.5% from lower prices. Neurotechnology and Spine net sales of $827 million and $3.1 billion have risen 18.0% and 19.2% in the quarter and full year and 18.2% and 20.5% in constant currency. Organic net sales had risen 12.5% and 8.9% in the fourth quarter and full year including 12.5% and 9.6% from increased unit volume partially offset by 0.7% from lower prices in the full year, with a nominal impact from pricing in the quarter. Further, Orthopedics posted a 7.3% organic sales increase in the fourth quarter, driven by impressive double digit growth in knees. The orthopedics performance continues to reflect meaningful share gains fueled by Mako and our 3D-printed implants.

For fiscal 2020, the company expects organic net sales growth to be in the range of 6.5% to 7.5% and expect adjusted net earnings per diluted share to be in the range of $9.00 to $9.20. The company expects adjusted net earnings per diluted share to be in the range of $2.05 to $2.10 in the first quarter 2020.

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