• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Strong dollar hits Stryker’s 2015 outlook

Strong dollar hits Stryker’s 2015 outlook

January 14, 2015 By MassDevice Contributors Network

Strong dollar hits Stryker's 2015 outlook

(Reuters) — Stryker (NYSE:SYK) said yesterday that it expects the strong U.S. dollar to have a bigger negative impact on its 2015 earnings than it previously forecast, shaving about 20¢ from its per-share profit.

The maker of artificial hip and knee joints previously forecast a currency impact of 10¢ to 12¢ on its 2015 earnings.

U.S. manufacturers such as Stryker that sell products overseas are hurt by a rising dollar when they exchange revenue earned abroad back into dollars. The dollar has benefited from more upbeat U.S. economic prospects compared with the rest of the world and is trading near a 9-year high against the euro.

Kalamazoo, Michigan-based Stryker also forecast adjusted 4th-quarter earnings of $1.43 to $1.45 per share, with net sales growing 6.1% to $2.6 billion. Fourth-quarter sales rose 12.1% in the company’s medical and surgical products business and 1.7% in orthopedics.

Analysts on average were expecting 4th-quarter earnings of $1.46 per share on revenue of $2.63 billion, according to Thomson Reuters I/B/E/S.

Stryker shares were down 1.3% to $93.00 apiece in pre-market trading today.

Filed Under: MassDevice Earnings Roundup, News Well, Orthopedics Tagged With: 2014, Q4, Stryker

More recent news

  • EBR Systems raises $36.1M for leadless pacing tech
  • The biggest cardiovascular tech news out of EuroPCR 2025
  • CardiaWave has positive 12-month Valvosoft results
  • Elixir Medical reports sustained durability with bioadaptor compared to Medtronic stent
  • Medtronic has new Cardiovascular, CST leaders after longtime exec departs

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy