04:39 PM EDT, 07/30/2024 (MT Newswires) -- Stryker (SYK) reported Q2 adjusted earnings late Tuesday of $2.81 per diluted share, up from $2.54 a year earlier.

Analysts polled by Capital IQ expected $2.79.

Net sales for the quarter that ended June 30 was $5.42 billion, up from $5 billion a year earlier.

Analysts surveyed by Capital IQ expected almost $5.40 billion.

The company now expects adjusted net earnings of $11.90 to $12.10 per diluted share, compared with its previous forecast of $11.85 to $12.05.

Analysts surveyed by Capital IQ expect $11.93.

The company now expects full-year organic net sales growth of 9% to 10%, compared with prior projections of 8.5% to 9.5%. Analysts polled by Capital IQ expect revenue of $22.30 billion, if comparable.

Shares of the company traded nearly 5% lower in after-hours activity.

Price: 315.00, Change: -15.22, Percent Change: -4.61