Intuitive Surgical (ISRG) Shares Sell Off As Outlook Commentary is Meager

Article Stock Quotes (1) Comments (0)

Intuitive Surgical, Inc. (Nasdaq: ISRG) topped Q2 estimates by $0.19, but the shares are getting hammered in after-hours, down $32.31 (-5.94%) to $511.90. Investors are selling off as the company expects a drop in systems sales in the second half of the year. ISRG expects challenging conditions to persist, with continued uncertainty in Europe.

Commenting on Q2 earnings, Dr. Gary Guthart, President and CEO of Intuitive Surgical, said, "Our solid second quarter revenue and earnings performance is the result of robust US gynecologic and general surgery procedure growth offset by pressure in Europe and US prostatectomy."

The growth in second quarter 2012 systems revenue was driven by sales of 150 da Vinci Surgical Systems compared with 129 system sales during the same period last year.

In the past year, shares have climbed from ~$350 to $590, before recently giving some back. The stock finished the day at $544.21, but again, now trading down about $30.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Wedbush Starts Intuitive Surgical (ISRG) at Outperform
• American Superconductor (AMSC) Reports In-Line Q4 EPS; Guides Q1
• UPDATE: Oppenheimer Upgrades GameStop (GME) to Outperform

Create E-mail Alert Related Categories

Analyst Comments, Earnings, Guidance, Trader Talk

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?