Intuitive Profit Taking (ISRG)

Posted in pre-market 
October 21st, 2009

Intuitive Surgical Inc. (NASDAQ: ISRG) is not trading that many shares yet, but shares are getting clipped before the open.  The DaVinci robotic surgery machine maker reported net income of $64.5 million, or $1.64 EPS and said revenue rose to $280.1 million from $236 million a year earlier.  Estimates were roughly $1.44 EPS on $256 million in revenues.  Shares went out down 5.9% at $251.60 last night and we saw some 454,789 shares in the after-hours session.  This morning have shares down 5.2% at $253.35 oon only about 6,000 shares.  Average volume is only around 1 million shares and the 52-week trading range is $84.86 to $269.27.  The market cap before the drop was $10.15 billion.  -JON C. OGG

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