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Stryker slides despite Q2 sales, profit increases

Thu, 07/19/2012 - 12:39pm
Mass Device

Stryker shares lose 3% on Wall Street despite solid 2nd-quarter sales and earnings numbers and reinforced guidance.

MassDevice.com news

Stryker (NYSE:SYK) shares slipped about 3% on Wall Street this morning, despite strong 2nd-quarter numbers and reinforced guidance from the medical device maker.

The Kalamazoo, Mich.-based company posted profits of $325 million, or 85¢ per share, on sales of $2.11 billion for the 3 months ended June 30. That's a bottom-line gain of 4.8% and a top-line addition of 2.9%.

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