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Late Thursday, Intuitive Surgical (ISRG) reported adjusted earnings of $1.42 per share on $1.76 billion in second-quarter sales. In response, ISRG stock tumbled.
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On average, analysts polled by FactSet expected the robotic surgery giant to earn $1.33 per share on $1.74 billion in sales. Procedures using the company’s da Vinci robotic surgery system rose 22%.
In the year-earlier period, Intuitive Surgical earnings were $1.14 a share and the company reported $1.52 billion in sales.
Intuitive Surgical didn’t offer an outlook. ISRG stock analysts had called for adjusted earnings of $5.49 a share and $7.14 billion in sales.
In after-hours trading on today’s stock market, ISRG stock plunged 5.1% near 329.
Shares have a strong Relative Strength Rating of 92 out of a best-possible 99, according to IBD Digital. This puts ISRG stock in the top 8% of all stocks when it comes to 12-month performance.
More to follow.
Follow Allison Gatlin on Twitter at @IBD_AGatlin.
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