When a stock is trading at a 52-week high heading into earnings, it’s often a sign that investors have high expectations heading into the report. If that’s the case, then Intuitive Surgical (ISRG) appears to have topped even those.
The maker of surgical robots reported a profit of $5.09 a share, beating forecasts for $4.97, on sales of $674 million, exceeding expectations for $666 million. Intuitive Surgical also raised its procedure guidance.
Leerink’s Richard Newitter and Ravi Misra contend Intuitive Surgical did everything it needed to maintain its “premium multiple.” They explain:
April 19, 2017 at 07:38PM
from Ben Levisohn
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