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To: richardred who wrote (1143)	4/19/2007 12:01:10 AM
From: richardred	Respond to of 7243

Stryker 1Q Earnings Rise 65 Percent Wednesday April 18, 6:10 pm ET Stryker First-Quarter Income Jumps 65 Percent on Increased Orthopaedics Sales KALAMAZOO, Mich. (AP) -- Medical device maker Stryker Corp. said Tuesday that first-quarter earnings surged 65 percent on increased sales from U.S. orthopaedic implant franchises. Net income jumped to $243.5 million, or 59 cents per share, from $147.5 million, or 36 cents per share, in the prior year. Excluding a $52.7 million one-time charge in the 2006 quarter related to the company's acquisition of Sightline Technologies Ltd., earnings in the 2006 quarter were $200.2 million, or 49 cents per share, a year ago. Revenue increased 13 percent, to $1.49 billion from $1.32 billion. Analysts polled by Thomson Financial expected earnings of 58 cents per share on revenue of $1.47 billion. Stryker said domestic and international sales increased at about equal rates due to higher shipments of orthopaedic implants and MedSurg equipment. Revenues from physical therapy services slipped 5 percent. Stryker shares fell 96 cents to close at $69.10 on the New York Stock Exchange. In aftermarket trading, shares lost another $1.20 to $67.90. biz.yahoo.com