Stryker posts higher first-quarter profit and sales despite cyberattack
Updated
Updated · The Wall Street Journal · Apr 30
Stryker posts higher first-quarter profit and sales despite cyberattack
13 articles · Updated · The Wall Street Journal · Apr 30
Net profit rose to $745 million, or $1.93 a share, on sales of $6.02 billion, while adjusted earnings of $2.60 and revenue missed FactSet forecasts.
The March attack disrupted Microsoft systems globally; Stryker had warned earlier this month that it would hurt first-quarter results but not full-year financials.
Hackers said the breach was retaliation linked to the Iran conflict and tensions with the US. Stryker maintained its full-year outlook, though shares fell 2% in late trading.
Stryker's sales missed targets after a cyberattack. Is the full financial fallout yet to come for the company?
Was Stryker's cyber crisis a sophisticated foreign attack or a failure to secure its own powerful management tools?
When a cyberattack on a medical company becomes an act of war, which U.S. industry is the next battlefield?