The Robot Report

  • Research
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • Grippers / End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors / Sensing Systems
    • Soft Robotics
    • Software / Simulation
  • Development
    • A.I. / Cognition
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Defense / Security
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
  • Investments
  • Resources
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50
    • Search Robotics Database
    • Videos
    • Webinars
  • Events
    • RoboBusiness Direct
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
  • Podcast

Stryker gains on Q4 prelims

By Sarah Faulkner | January 11, 2017

Stryker gains on Q4 prelimsStryker (NYSE:SYK) shares are up after the orthopedics and hospital equipment giant posted preliminary financial results for the 4th quarter that narrowly beat the consensus forecast on Wall Street.

The Kalamazoo, Mich.-based company said it expects a total revenue of $3.2 billion for Q4, up 16.3% from the same time last year. Analysts were looking for sales of $3.15 billion.

“I am pleased with our performance in both the 4th quarter and the full year 2016,” chairman & CEO Kevin Lobo said in prepared remarks. “Fourth-quarter organic growth of 6.7% versus a strong prior year is impressive, and was balanced across orthopedics, medsurg and neurotechnology and spine. In addition, we executed well on acquisitions and delivered leveraged adjusted earnings gains. We enter 2017 with good momentum across our businesses and look forward to building on this success.”

Stryker met analysts’ expectations for its full-year revenue at $11.3 billion, up 13.9% from 2015.

SYK shares were trading at $125.16 apiece in early-morning activity, up 2.6%. The stock closed at $121.91 per share yesterday, up 2.4%.

The FDA said in December that it relabelled Stryker subsidiary Concentric Medicals’s Trevo mechanical thrombectomy devices as Class II. Concentric Medical submitted the reclassification request for its Trevo ProVe and XP ProVue retrievers in October 2015.

The federal watchdog reviewed the order, and on September 2 it issued an order to reclassify the device types as Class II, given the generic name of neurovascular mechanical thrombectomy devices for ischemic stroke treatment.

Earlier this month, a Barclays survey including 51 U.S. hip and knee surgeons led analyst Matthew Taylor to believe that investors’ expectations for Stryker’s Mako robot-assisted surgery platform may be mismatched with potential users of the system.

Taylor wrote in a note to investors that they believe “MAKO uptake will be modest”, after 22% of the doctors surveyed reported using the Mako system, with 26% reporting that they would use it again in the future.

“In our view, there is a mismatch between investor expectations for Mako (which are high) and the market reality (which is mixed). While our survey showed some signs of enthusiasm for robotics, doctors called this the most ‘over-hyped’ area,” he wrote

About The Author

Sarah Faulkner

Sarah Faulkner graduated from Emmanuel College in 2015 with a degree in chemistry. After realizing she could put her scientific know-how to use in places other than a lab, she went to Boston University and received a master’s degree in science journalism in 2016. Following a stint writing for the Yale School of Medicine, covering the opioid crisis and the importance of humanities in medicine, she joined the team at MassDevice.

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

TransEnterix submits first machine vision system for robotic surgery to the FDA
TransEnterix machine vision system for robotic surgery receives CE Mark
Laser-steering microrobot aims to refine minimally invasive surgery
ABB China hospital
How a hospital in China automates drug dispensing
maxon Fourier Intelligence
maxon building custom drives for rehab robots

Robotics Year in Review

The Robot Report Listing Database

Latest Robotics News

Robot Report Podcast

Teradyne’s acquisition strategy & the future of cobot

The Robot Report Podcast · Teradyne's acquisition strategy & the future of cobots

Sponsored Content

  • Doosan Robotics: Driving Innovation and Growth in Cobots
  • FORT Robotics Podcast: FORT Robotics on how to keep humans safe and in control of robots
  • Pallet Detection Systems Help Automated Forklifts Modernize Warehouse Operations
  • IES Servo Control Gripper
  • How to cut the cost of manufacturing

Tweets by RoboticTips

The Robot Report
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Business Review
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Advertising
  • Contact Us

Copyright © 2021 WTWH Media, LLC. 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. Site Map | Privacy Policy | RSS

Search The Robot Report

  • Research
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • Grippers / End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors / Sensing Systems
    • Soft Robotics
    • Software / Simulation
  • Development
    • A.I. / Cognition
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Defense / Security
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
  • Investments
  • Resources
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50
    • Search Robotics Database
    • Videos
    • Webinars
  • Events
    • RoboBusiness Direct
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
  • Podcast