Intuitive Surgical Jumps To Record High After Earnings

Intuitive Surgical Inc. stock hit new highs in late trading Tuesday after the company trounced Wall Street expectations with a quarterly earnings report. The surgical-robotics company divulged second-quarter profit of $184.5 million, or $4.71 a share, on revenue of $670.1 million; after adjustments for share-based compensation and other factors, the company claimed profit of $5.62 a share. Analysts polled by FactSet on average expected adjusted earnings of $4.99 a share on sales of $642 million. Intuitive Surgical, which hit an all-time intraday high of $681.59 last week, jumped nearly 5% in after-hours action, topping $700 a share.