'Tis the season for company to pre-announce earnings and it always feels like there are more warnings than positive surprises. Moreover, with the JPMorgan (NYSE: JPM) Healthcare Conference going on, many healthcare companies are apt to be giving the Street a look at both how the end of 2011 went and how 2012 is looking. To that end, Stryker (NYSE: SYK) is shaping up as a solid defensive name for investors looking for healthcare exposure.
The Details Of The Quarter
Stryker's early announcement of fourth quarter were results were largely consistent with what most investors were already expecting … at least in a macro sense. The company announced that reported revenue would be up 11%, just shy of the average estimate of 11.7%, with organic growth up a little more than 4%.
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Stryker's Guidance Sets Up A Solid 2012
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