Mon, Apr 20th, 2009
Stryker Corp.'s (SYK) first-quarter net income fell 3.2% as the company faced headwinds from the stronger dollar and weak economic conditions.
The medical-technology company also lowered its 2009 outlook slightly, sending shares down 2% to $36.79 in after-hours trading. The shares are off by nearly half since their 52-week high last July.
"The unprecedented global economic slowdown clearly impacted our business, yet our diverse set of businesses still delivered underlying sales growth in this very challenging period as six of ...
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