Stryker's Q3 revenue rises 9.6%: 7 notes

Spinal Tech

Stryker on Nov. 2 posted $4.9 billion in third quarter net sales.

Seven things to know:

1. Net sales increased 9.6% year-over-year, according to a news release. 

2. The MedSurg and neurotechnology segment saw a 10.5% increase year-over-year with $2.9 billion in sales.

3. Orthopedic and spine sales grew 8.4% year-over-year with $2.1 billion in revenue. 

4. Spine product sales rose 4.1% year-over-year with $291 million in revenue. Hip sales increased 4.5% with $362 million, and knee sales increased 7.1% with $515 million.

5. Trauma and extremity sales increased 11.9% year-over-year with $752 million in revenue.

6. Net earnings of $692 million fell 15.2% year-over-year during the third quarter. 

7. Stryker expects its full-year sales to increase 10% to 10.5%.

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