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Robotic-surgery specialist Intuitive Surgical ( ISRG ) beat Wall Street’s Q1 earnings estimates late Tuesday, but the stock was down 1% in after-hours trading. Intuitive Surgical’s earnings totaled $4.42 a share, up 24% from the year-earlier quarter and topping analysts’ consensus of $4.33 a share, according to Thomson Reuters. Sales gained 12% to $595 million, vs. analysts’ $593 million. Intuitive Surgical is one of the highest-rated stocks in the Medical Systems group, which is collectively doing well at No. 24 on IBD’s ranking of 197 industry groups. Shares hit a lifetime high of 630.67 last Wednesday, and have hovered within 1% of that mark since then. The stock closed down a fraction in regular trade on the stock market today , at 623.71. Intuitive Surgical is the second of three hot medical stocks reporting earnings this week. Earlier Tuesday, Johnson & Johnson ( JNJ ) hit a new high of 113.95 after it beat Q1 estimates and raised its full-year guidance due to diminishing foreign-exchange headwinds. Stryker ( SYK ), which also hit a new high of 110.98 early Tuesday but gave back its gains later, is due to report earnings Wednesday after the close. Scalper1 News
Scalper1 News