Stryker’s recent earnings report didn’t surprise, with shares unchanged, but investors might be overlooking encouraging underlying factors. The company’s profit was reduced by US$842m due to unusual, likely one-off items, suggesting potential for higher future profits. This indicates that Stryker’s statutory profit may be understating its true earnings potential, especially considering its 36% annual EPS growth over the last three years.
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Stryker's (NYSE:SYK) Earnings Seem To Be Promising
Stryker’s recent earnings report didn’t surprise, with shares unchanged, but investors might be overlooking encouraging underlying factors. The company’s profit was reduced by US$842m due to unusual, likely one-off items, suggesting potential for higher future profits. This indicates that Stryker’s statutory profit may be understating its true earnings potential, especially considering its 36% annual EPS growth over the last three years.