SYK Stock Down Despite Q4 Earnings Beat and Spine Biz Divestment Plans

Stryker Corporation (SYK) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $4.01, which beat the Zacks Consensus Estimate of$3.87 by 3.6%. The bottom line also improved 15.9% year over year. Our model estimate for the metric was $3.85 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.GAAP EPS was$1.41, down 52.7% from the year-ago quarter’s level. The significant decline was due to recording of a goodwill and impairment charge related to SYK’s Spine business. ...