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Actionable news in SYK: STRYKER CORPORATION,

Stryker (SYK) Stock Slumps Despite Q2 Earnings, Revenue Beat

NEW YORK (TheStreet) -- Shares of Stryker (SYK) are sliding 5.27% to $116.10 on heavy trading volume early Friday afternoon even though the company reported better-than-expected results for the 2016 second quarter.

After yesterday's closing bell, the Portage, MI-based medical technology company posted adjusted earnings of $1.39 per share on revenue of $2.84 billion.

Analysts were projecting earnings of $1.37 per share on revenue of $2.79 billion.

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