Stryker Corp. Q1 Earnings Rise 10%

(RTTNews) - Stryker Corp. (SYK) released a profit for its first quarter that rose from last year.

The company said its bottom line climbed to $468 million, or $1.24 per share. This was higher than $424 million, or $1.11 per share, in last year's first quarter.

Analysts had expected the company to earn $1.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.0% to $2.50 billion. This was up from $2.38 billion last year.

Stryker Corp. earnings at a glance:

-Earnings (Q1): $468 Mln. vs. $424 Mln. last year. -Earnings Growth (Y-o-Y): 10.4% -EPS (Q1): $1.24 vs. $1.11 last year. -EPS Growth (Y-o-Y): 11.7% -Analysts Estimate: $1.20 -Revenue (Q1): $2.50 Bln vs. $2.38 Bln last year. -Revenue Change (Y-o-Y): 5.0%

-Guidance: Full year EPS guidance: $5.65 - $5.80