Stryker falls after lowering annual profit forecast
SYK•Stryker lowered its annual adjusted profit-per-share forecast to $14.80-$14.90 from $14.95-$15.10 and cut its 2026 organic sales growth outlook to 6.5%-7% from 8.3%-9.3%. Third-quarter adjusted profit per share was $3.52, and sales rose 7.7% to $6.5 billion, both below analysts’ estimates.
1. Forecast lowered
Stryker expects annual adjusted profit per share of $14.80 to $14.90, down from its prior forecast of $14.95 to $15.10. It also expects 2026 organic net sales growth of 6.5% to 7%, compared with its previous range of 8.3% to 9.3%.
2. Quarterly results
Third-quarter adjusted profit per share was $3.52, compared with analysts’ estimate of $3.55. Net sales increased 7.7% to $6.5 billion, below the $6.62 billion estimate. Shares fell 8.5% in extended trading to $285.30.
