UPDATE 1-Stryker profit tops analyst expectations

* Q1 EPS of 80cts/share beat average estimate by 2 cents

* Sales rise 12.4 percent to $1.80 billion

* Shares up slightly in post-market trading

CHICAGO, April 20 (BestGrowthStock) – Stryker Corp (SYK.N: ) reported
higher-than-expected quarterly earnings on Tuesday as a
recovering economy spurred more people to replace aging hip and
knee joints with artificial implants.

First-quarter net income rose to $322 million, or 80 cents
a share, compared with $281 million, or 71 cents a share, a
year ago.

Analysts on average expected the Kalamazoo, Michigan-based
company to report a profit of 78 cents a share on sales of
$1.75 billion, according to Thomson Reuters I/B/E/S.

First-quarter net sales rose 12.4 percent to $1.80 billion.
Excluding the impact of foreign currency (Read more about trading foreign currency. translation, sales
increased 8.7 percent.

Worldwide orthopedic implant sales rose 10.7 percent to
$1.08 billion on higher shipments of hips, knees, spinal and
trauma implants. On a constant-currency basis, sales rose 6.4

Sales of medical and surgical equipment in the company’s
MedSurg division rose 15 percent to $722 million on higher
shipments of endoscopy and communications systems. On a
constant-currency basis, sales in the unit rose 12.2 percent.

Stryker said it continues to expect net earnings in 2010 of
$3.20 to $3.30 per share on a constant-currency sales growth
rate of 5 percent to 8 percent.

Stryker shares rose to $58.65 in post-market trading from a
close of $58.45 Tuesday on the New York Stock Exchange.

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(Reporting by Susan Kelly; editing by Andre Grenon)

UPDATE 1-Stryker profit tops analyst expectations