On July 24, Stryker rose 3.04% in regular trading, trading at $319.29/share, with turnover of $580 million.
On the news front, Stryker is scheduled to report Q2 earnings on July 30 after market close. Consensus estimates project quarterly revenue of approximately $6.58 billion, representing a 10.95% year-over-year increase, while adjusted earnings per share are expected at $3.49, up 13.67% from the prior year. EBIT is forecasted at $1.703 billion, reflecting 13.28% growth. The anticipated acceleration follows a softer Q1 that was impacted by a cybersecurity incident, during which revenue rose just 2.63% and adjusted EPS declined 8.45% year-over-year.
Additionally, the company recently announced the full commercial launch of its Mako RPS handheld robotic system for total knee arthroplasty in the United States, expanding the Mako platform beyond robotic-arm assisted surgery into a handheld format. This product line extension reinforces Stryker's competitive positioning in the orthopedic robotics market ahead of the earnings release.
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