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Stryker Sees ‘V-Shape’ Recovery In Third Quarter

 
• By Reed Miller

Led by the Mako surgical robot, Stryker’s third-quarter sales exceeded Wall Street analysts’ expectations as it prepares to complete the $4bn acquisition of Wright Medical.

Sep 16, 2019 Fremont / CA / USA - Stryker Corporation logo at their headquarters in Silicon Valley; Stryker Corporation is a Fortune 500 medical technologies firm
• Source: shutterstock.com

Stryker Corporation’s return to revenue growth in the third quarter was led by demand for capital products, especially Stryker’s Mako robotic surgery system.

For the third quarter, the company reported sales of $3.7bn, representing 3.3% year-over-year growth on an organic basis. Unit volume was up 4.7%, but partially offset 1.4% from lower prices,...

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