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Bouncing back after a recall

A recall of their hip products couldn't keep this Michigan-based company from reporting higher-than expected earnings during the first quarter.

In 2012, Stryker Corp. voluntarily recalled its Rejuvenate and ABG II hip products, after finding out the implants caused tissue damage and hip pain for patients.

The recall resulted in a one-time $344 million expense during the first quarter of last year, according to Modern Healthcare.

But, that didn't keep the company down.

Now, a year later, the Michigan-based medical device and manufacturing firm reported higher-than expected earning in the first quarter of 2015, and among other things, sales of hip, knee and other orthopedic devices climbed 2.4%, according to the article.

Their revenue in the first quarter increased 3.2%, while medical and surgical equipment revenue increased 4.6%.

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