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Stock Market & Financial Investment News

News Breaks
March 1, 2013
08:02 EDTSYKStryker announces $250M accelerated share repurchase program
Stryker Corporation announced it has entered into an Accelerated Share Repurchase agreement with JPMorgan Chase Bank, NA to repurchase an aggregate of $250M of the Company's common stock. The ASR is part of the Company's existing share repurchase authorization that was increased by the Board of Directors to $1.0B in December 2012. Under the ASR agreement, Stryker will receive approximately 3.6M shares at the inception of the ASR. The total number of shares ultimately repurchased under the agreement will be determined upon the final settlement, using prices based generally on the average of the daily volume-weighted average price of the Company's common stock over a period of time expected to end in the first half of 2013. The ASR will be funded through existing cash on hand. The ASR will reduce the Company's existing share repurchase authorization to approximately $750M at the final settlement of the agreement.
News For SYK From The Last 14 Days
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January 28, 2015
06:43 EDTSYKStryker still looking to make acquisitions, Reuters reports
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January 27, 2015
16:19 EDTSYKStryker sees Q1 adjusted EPS $1.05-$1.10, consensus $1.17
Styrker said, if foreign currency exchange rates hold near current levels, the company expects sales in the first quarter and full year of 2015 to be negatively impacted by approximately 3% to 4% and adjusted diluted net earnings per share to be negatively impacted by approximately 8c and 30c in the first quarter and the full year, respectively.
16:18 EDTSYKStryker sees FY15 adjusted EPS $4.90-$5.10, consensus $5.14
Sees FY15 constant currency sales growth in the range of 5.5%-7.0%, including organic sales growth in the range of 4.5%-6.0%. Consensus $10.11B.
16:06 EDTSYKStryker reports Q4 adjusted EPS $1.44, consensus $1.45
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15:35 EDTSYKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.

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