UPDATE 1-Stryker earnings in line on solid device sales

* Q4 adjusted earnings on target with analyst expectations

* Confirms 2010 earnings and sales forecasts

* Shares unchanged after hours from NYSE close of $54.56

CHICAGO, Jan 26 (BestGrowthStock) – Stryker Corp (SYK.N: ) said on
Tuesday quarterly earnings rose 10 percent from a year ago on
solid sales of orthopedic implants and a stabilizing capital
equipment market.

Fourth-quarter net earnings were $306 million, or 76 cents
a share, up from $278 million, or 69 cents a share, a year
ago.

Excluding special items, Stryker said it earned 82 cents a
share. Profit excluding items was in line with the average
analyst estimate according to Thomson Reuters I/B/E/S.

Fourth-quarter net sales rose 6.8 percent to $1.83 billion.
Excluding the impact of foreign currency (Read more about trading foreign currency. translation, sales
increased 2.5 percent.

Worldwide orthopedic implant sales rose 9.7 percent, or 4.7
percent on a constant-currency basis. Sales of medical and
surgical equipment in the company’s MedSurg division rose 2.5
percent, but slipped 0.7 percent, excluding the currency
impact.

Kalamazoo, Michigan-based Stryker, which provided its
preliminary 2009 results and a 2010 outlook earlier this month,
said it continues to expect net earnings of $3.20 to $3.30 per
share, on sales growth of 5 percent to 8 percent on a
constant-currency basis.

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(Reporting by Susan Kelly; editing by Andre Grenon)

UPDATE 1-Stryker earnings in line on solid device sales