Stryker Corp. Q4 Profit Increases, but misses estimates

(RTTNews) - Stryker Corp. (SYK) released earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $662 million, or $1.73 per share. This compares with $568 million, or $1.49 per share, in last year's fourth quarter.

Excluding items, Stryker Corp. reported adjusted earnings of $1.03 billion or $2.71 per share for the period.

Analysts on average had expected the company to earn $2.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.3% to $4.70 billion from $4.26 billion last year.

Stryker Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $662 Mln. vs. $568 Mln. last year. -EPS (Q4): $1.73 vs. $1.49 last year. -Analyst Estimate: $2.72 -Revenue (Q4): $4.70 Bln vs. $4.26 Bln last year.