Intuitive Surgical Jumps To Record High After Earnings

By Jeremy C. OwensMarketsMarketWatch Pulse

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.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below