Intuitive Profit Taking (ISRG)
Posted in pre-marketIntuitive 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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