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SYK

Stryker Corporation

5/24/2013, 6:29 PM ET

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Friday, May 17, 7:18 AM Stryker (SYK) is downgraded to Reduce at SunTrust as a bank survey sows ACO's, CMS bundling, and readmission will negatively impact hips and knees pricing. Comment! [Healthcare]
Monday, April 29, 3:59 PM Vascular specialists at Carolinas HealthCare System in Charlotte, North Carolina, and the Cleveland Clinic in Ohio perform the initial implants of a novel stent graft system from Medtronic (MDT +1%) as part of an FDA initiative designed to encourage more early-stage clinical research on new medical devices in the U.S. The implants are among the first to be performed under the agency's early feasibility pilot program, which includes a total of nine medical devices from different companies. Comment! [Healthcare]
Wednesday, April 24, 4:32 PM More on Stryker (SYK): Q1 beats on its EPS but comes up short on revenue. Net earnings fell 13% Y/Y as product-recall-related charges offset better sales growth. Reconstructive-products business +2.8%, hip products sales -0.8% and knee products -1%. In its neurotechnology and spine segment sales were up 5.7%, despite a 1.8% drop in spine-product sales. Comment! [Healthcare, Earnings]
Wednesday, April 24, 4:14 PM Stryker (SYK): EPS of $1.03 beats by $0.02. Revenue of $2.19B (+1% Y/Y) misses by $20M. (PR). Tune in to its conference call here: (Webcast) Comment! [Earnings, Healthcare, Breaking News]
Wednesday, April 24, 12:10 AM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA 1 Comment [Earnings]
Tuesday, April 23, 5:35 PM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA Comment! [Earnings]
Wednesday, April 10, 4:03 PM Stryker (SYK +0.6%) says that its orthopaedic division has received notice that the FDA has reviewed the voluntary recall of its ShapeMatch Cutting Guides and will rate it as a Class I recall. According to the agency's outline, a Class 1 recall describes a situation in which there is a reasonable probability that the product will cause "serious adverse health consequences." SYK voluntarily recalled the devices in January, saying some may have been improperly manufactured. Comment! [Healthcare]
Monday, April 8, 9:31 AM Stryker (SYK) names William Jellison as CFO to replace Dean Bergy, who has been serving in the job on an interim basis. Jellison comes from dental equipment maker Dentsply (XRAY), where he was CFO. Jellison's appointment is effective from April 22. Dentsply appoints company President and COO Chris Clark to replace Jellison. (PR) Comment! [Healthcare]
Thursday, March 21, 11:42 AM Stryker (SYK -0.9%) slips after pricing an offering to sell $600M in unsecured notes due 2018 and $400M of notes due 2043. The company plans to use the proceeds from the offering for working capital and other general corporate purposes, including acquisitions, stock repurchases and other business opportunities. Comment! [Healthcare]
Tuesday, March 12, 8:46 AM Stryker's (SYK -0.5%) Instruments division has received a warning letter from the FDA following an inspection at the company's facility in Portage, Michigan in November, when the agency had concerns about the plant's quality systems. The letter also cites Stryker for not notifying the FDA about a product recall, and for marketing devices, including the Neptune Waste Management System, without 510(k) clearance. (PR) Comment! [Healthcare, Breaking News]
Wednesday, January 23, 4:22 PM More on Stryker (SYK): Q4 beats on both EPS and revenue estimates on a 4.2% Y/Y increase in sales. Net profit fell 33% Y/Y on hefty charges related to a product recall, while sales continued to strengthen. Neuro-technology and Spine net sales increased 9.7% Y/Y, with its reconstructive segment growing by 6.7% over the same period. Comment! [Healthcare, Earnings]
Wednesday, January 23, 4:07 PM Stryker (SYK): Q4 EPS of $1.14 beats by $0.01. Revenue of $2.34B (+4.2% Y/Y) beats by $70M. (PR) Comment! [Healthcare, Earnings, Breaking News]
Wednesday, January 23, 12:05 AM Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC Comment! [Earnings]
Tuesday, January 22, 5:35 PM Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC 3 Comments [Earnings]
Thursday, January 17, 6:15 AM Stryker (SYK) agrees to acquire Hong Kong-based Trauson Holdings for $764M in a deal that will enable the U.S. medical-device maker to expand in the fast-growing Chinese orthopedic market. Luna Group, which owns 61.7% of Trauson's, will tender its stake. The deal comes after Stryker and Trauson entered into an OEM partnership for instrumentation sets in 2007. (PR) Comment! [M&A, Healthcare]
Thursday, January 10, 9:37 AM Baird raises its price target for Stryker (SYK +0.5% to $58.69) to $63 from $59 after the company said Q4 earnings would come in above consensus. Baird, which rates Stryker at "Outperform," says the company's long-term earnings goals remain achievable and notes the solid organic growth in its orthopedic implants. Comment! [Quick Ideas, Healthcare]