Stryker falls after lowering annual profit forecast

By Reuters News19 hours ago Updated

** Shares of Stryker SYK.N fall 8.5% to $285.30 in extended trading

** Expects annual adj. profit per share to be in the range of $14.80 to $14.90 compared with prior range between $14.95 and $15.10

** Analysts were expecting annual profit per share to be $14.95, according to data compiled by LSEG data

** Expects 2026 organic net sales growth in the range of 6.5% to 7% compared with previous expected range of 8.3% to 9.3%

** Company posts Q3 adj. profit per share of $3.52 compared with analysts' estimates of $3.55

** Reports Q3 net sales up 7.7% to $6.5 billion versus estimates of $6.62 billion

** As of last close, stock down 11.5% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.