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Stryker Earnings, Revenue Beat in Q3

Stock MarketsOct 29, 2020 04:11PM ET

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Investing.com - Stryker (NYSE:SYK) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Stryker announced earnings per share of $2.14 on revenue of $3.74B. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $3.4B.

Stryker shares are down 2% from the beginning of the year, still down 9.65% from its 52 week high of $227.39 set on October 12. They are under-performing the S&P 500 which is up 2.43% from the start of the year.

Stryker shares lost 1.67% in after-hours trade following the report.

Stryker follows other major Healthcare sector earnings this month

Stryker's report follows an earnings beat by J&J on October 13, who reported EPS of $2.2 on revenue of $21.08B, compared to forecasts EPS of $1.98 on revenue of $20.2B.

Pfizer had beat expectations on Tuesday with third quarter EPS of $0.72 on revenue of $12.13B, compared to forecast for EPS of $0.69 on revenue of $12.31B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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