By Sabela OjeaStryker reported higher sales in the fourth quarter, and guided for slower growth in organic sales this year. Sales climbed 12% to $5.82 billion, beating analysts expectations of $5.6 billion, according to FactSet. Organic sales grew over 11% in the quarter. For the year, the company guided for organic net sales growth of 7.5% to 9%, down from reported growth of about 12% in 2023. Stryker said if foreign exchange rates hold near current levels, sales will be modestly unfavorably impacted in 2024, with the biggest hit in the first half.

Source: Wall Street Journal January 30, 2024 23:56 UTC