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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:44 EDTSYKStryker receives FDA warning letter regarding inspection of Portage, MI location
Stryker announced that its Instruments division has received a warning letter from the FDA related to observations made during a November 2012 inspection at its Portage, Michigan location. The letter concerns quality system observations made during the inspection and cites Stryker for failing to notify the FDA of a product recall, and for marketing devices, including the Neptune Waste Management System, without a required 510k clearance. The letter acknowledged that Stryker Instruments has already submitted corrective action plans for the quality system and recall observations. The company is fully cooperating with the FDA to resolve these matters in a comprehensive and timely manner.
News For SYK From The Last 14 Days
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July 24, 2014
08:19 EDTSYKLeerink medical devices analyst holds an analyst/industry conference call
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July 23, 2014
13:36 EDTSYKIntuitive Surgical rises after Q2 EPS, revenue beat expectations
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July 22, 2014
08:36 EDTSYKStryker appoints CEO Kevin Lobo as chairman
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July 18, 2014
09:00 EDTSYKStryker price target raised to $92 from $87 at RW Baird
Baird raised its price target on Stryker to $92 from $87 citing valuation, organic sales growth, and solid risk/reward. The firm has an Outperform rating on the stock.
July 17, 2014
16:09 EDTSYKStryker sees Q3 adjusted EPS $1.12-$1.16 , consensus $1.16
"If foreign currency exchange rates hold near current levels, we do not expect the impact on third quarter or full year net sales to be significant," the company said.
16:08 EDTSYKStryker sees FY14 adjusted EPS $4.75-$4.80, consensus $4.80
Now projecting full year organic sales growth to be in the range of 5.0%-6.0%, consensus $9.61B.
16:07 EDTSYKStryker reports Q2 adjusted EPS $1.08, consensus $1.08
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15:26 EDTSYKNotable companies reporting after market close
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