Intuitive Surgical Inc.'s (ISRG) Stock Surges 32 Percent
Intuitive Surgical Inc.'s stock soared to a 52-week high Friday, a day after the company posted an 84 percent increase in second quarter net income.
Sunnyvale-based Intuitive (NASDAQ:ISRG - News) closed the day at $198.59, up more than 32 percent. The stock hit a high of $199.84 during the day's trading.
The company, which makes the da Vinci robotic device that enables surgeons to operate more precisely, has seen its stock more than double over the past year.
On Thursday, Intuitive reported profit of $30.7 million or 79 cents a share, up from $16.7 million or 44 cents a year ago.
Revenue grew 61 percent to $140.2 million. The company said its device -- which is controlled by a doctor who watches a three-dimensional, high-definition monitor -- is now used by more than 500 hospitals for procedures that include repairing heart valves and removing cancerous tissue.
Published July 20, 2007 by the Silicon Valley / San Jose Business Journal
Sunnyvale-based Intuitive (NASDAQ:ISRG - News) closed the day at $198.59, up more than 32 percent. The stock hit a high of $199.84 during the day's trading.
The company, which makes the da Vinci robotic device that enables surgeons to operate more precisely, has seen its stock more than double over the past year.
On Thursday, Intuitive reported profit of $30.7 million or 79 cents a share, up from $16.7 million or 44 cents a year ago.
Revenue grew 61 percent to $140.2 million. The company said its device -- which is controlled by a doctor who watches a three-dimensional, high-definition monitor -- is now used by more than 500 hospitals for procedures that include repairing heart valves and removing cancerous tissue.
Published July 20, 2007 by the Silicon Valley / San Jose Business Journal
Labels: Intuitive Surgical Inc., ISRG
posted by Stock Administrator @ 8:22 PM
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