Stryker falls after narrowing annual profit forecast - SYK News | RalliesStryker falls after narrowing annual profit forecast
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SYK• Stryker narrows annual profit forecast
- Stryker shares fall 7.3% to $322.40.
- The medical device maker on Thursday said it narrowed its annual adjusted EPS forecast to $14.95-$15.10 from a prior range of $14.90-$15.10.
- It reported Q2 adjusted EPS of $3.69 versus analysts' average estimate of $3.49, per LSEG-compiled data.
- Quarterly revenue was $6.6 billion, beating estimates of $6.58 billion.
- Including the session's move, the stock is down about 8% year to date.
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