Stryker's 2Q Results: Postgame Scorecard

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For the second quarter, Stryker (SYK) saw a rise in net income.

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Earnings and Revenue

Both EPS and revenues failed to meet Wall Street expectations as The company posted EPS of 85 cents a share and revenues of $2.11 billion. Analysts were expecting EPS of 98 cents a share and revenues of $2.13 billion. The company's reported EPS came in below the low estimate of 22 analysts of a profit of 95 cents.

The company's net income for the quarter was $325 million. According to the reported number, this is up 5.1% from last year's levels. Revenue climbed 3% from $2.05 billion in the same period last year.

Company Fundamental Trends

Last quarter marked the third in a row of rising net income. The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.

History Against Expectations

The company missed estimates last quarter after meeting expectations the quarter before. It reported net income of 99 cents.

Official Comment:

"Leveraging the strength of our broad based product offering, our Q2 revenues increased 3% as reported and 5% in constant currency. Through solid sales growth coupled with margin expansion we delivered adjusted per share earnings growth of 9%," commented Curt R. Hartman, Interim Chief Executive Officer and Vice President and Chief Financial Officer.

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Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.