Stryker Lower Ahead of Earnings

Published on Monday, 23 January 2012 14:08 Written by Christian Paolinetti

New York, January 23rd (TradersHuddle.com) - Shares of Stryker Corporation (NYSE:SYK) are trading lower by -1.09% ahead of its quarterly earnings release. Stryker, the surgical devices and medical implants maker is expected to release its quarterly results on January 24^th.

Wall Street Analysts consensus calls for a profit of $1.03 a share on $2.22 billion revenue.

Stryker estimates have a range of $0.03 a share. The high estimate calls for profit of $1.04 a share and the low estimate is calling for a profit of $1.01 a share, a year ago for the quarter the company reported $0.93 a share.

Stryker Corporation (NYSE:SYK) develops, manufactures, and markets specialty surgical and medical products. The company operates in two segments, Orthopaedic Implants and MedSurg Equipment. The Orthopedic Implants segment provides orthopaedic reconstructive, trauma, craniomaxillofacial, and spinal implant systems. The MedSurg Equipment segment offers surgical equipment; surgical navigation systems; endoscopic, communications, and digital imaging systems.

Other companies on the watch on this earnings event are Medtronic, Inc. NYSE:MDT and Zimmer Holdings, Inc. NYSE:ZMH.