STRYKER PROJECTS FOURTH-QUARTER EARNINGS OUTLOOK
STRYKER PROJECTS FOURTH-QUARTER EARNINGS OUTLOOK KALAMAZOO, Mich., Nov. 11 /PRNewswire/ -- Stryker Corporation
(NASDAQ-NMS: STRY) stated today that, based upon preliminary information, it anticipates net income for the quarter ending Dec. 31, 1991, of approximately $0.22 per share. This compares to projections by most financial analysts of $0.17 per share for this quarter. The company reported $0.13 per share in the 1990 fourth quarter.
John W. Brown, chairman, president and CEO, attributed the increase in anticipated earnings to strong overall sales growth, led by endoscopic systems for less-invasive surgical procedures and increases in operating profit ratios at all of the company's operating units. He noted that quarterly net sales are expected to reach $100 million for the first time this quarter. Brown advised that the fourth-quarter sales and earnings outlook is based on company estimates and that final results for the quarter are not expected to be available until mid- January 1992. Stryker Corporation develops, manufactures and markets specialty surgical and medical products, including orthopedic implants, powered surgical instruments, endoscopic systems and patient-handling equipment for the world market. Its shares are traded in the over-the-counter market on the NASDAQ National Market System under the symbol STRY. -0- 11/11/91 /CONTACT: David J. Simpson of Stryker Corporation, 616-385-2600/ (STRY) CO: Stryker Corporation ST: Michigan IN: MTC SU: JG -- DE017 -- 3089 11/11/91 14:12 EST
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|Date:||Nov 11, 1991|
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