|
 Excluding items such as product recall and
acquisition charges, Stryker earned $1.23 per share, just ahead of
the $1.22 per-share forecast, on average, by Wall Street analysts,
according to Thomson Reuters I/B/E/S.
Stryker said its effective tax rate in the latest quarter was 10.3
percent, compared with 24.6 percent in fourth quarter 2012.
For full-year 2014, when its accounting for amortization of certain
assets will change, the company projected earnings of $4.75 to $4.90
per share and organic sales growth of between 4.5 and 6 percent.
Analysts, on average, forecast full-year earnings of $4.58 per
share.
The company reported fourth-quarter net earnings of $386 million, or
$1.01 per share, compared with $270 million, or 71 cents a share a
year earlier. Net sales for the quarter rose 5.6 percent to $2.47
billion. Shares of Stryker, which closed nearly
unchanged at $78.58 on the New York Stock Exchange on Wednesday,
were up about 0.5 percent at $79.00 in after-hours trading.
(Reporting by Deena Beasley in Los
Angeles; editing by Chris Reese and Matthew Lewis)
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