8.86%C 6.45 22.20%F 2.55 5.20%
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KALAMAZOO, Mich. - Medical device maker Stryker Corp. said Thursday it continues to expect growth in the orthopedic implant market, despite potential pricing pressure, and backed its full-year guidance.
| SYK | 36.84 |  -2.08 |
The company expects a profit of $2.88 per share, matching Wall Street expectations, according to a poll by Thomson Financial. Stryker also expects an 11 percent to 13 percent revenue boost, based on constant currently, in 2008.
In 2007, the company booked revenue of $6 billion.
If foreign currency exchange rates on the U.S. dollar hold near June 30, 2008 levels, the company said it could boost sales by 2.5 percent to 3.5 percent.
Shares of Stryker fell 16 cents to $63.25 in after-hours trading, after closing down 8 cents at $68.41.
Major U.S. stock indexes slumped further south midday Monday, further extending this morning's hefty losses which erased last week's f...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The dollar edged higher against the Swiss franc late Monday night. The U.S. currency was worth 1.2037 Swiss francs, up slightly from the 1.2028 f...
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