Intuitive Surgical Stock Slides 12%

Intuitive Surgical

279.38 CHF -2.09%

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(RTTNews) - Intuitive Surgical, Inc. (ISRG) shares fell $50.94, or 12.66 percent, to $351.39 on Friday, despite reporting yesterday, a higher second-quarter earnings and revenue compared with the prior-year period.

The stock opened at $365.02 and traded between $349.95 and $367.15 during the session on the Nasdaq. It has traded in a 52-week range of $349.95 to $603.88. Trading volume reached 6.10 million shares, compared with an average daily volume of 2.60 million shares.

The medical technology company reported net earnings of $818.1 million, or $2.29 per share, up from $658.4 million, or $1.81 per share, a year earlier. Adjusted earnings rose to $1.002 billion from $797.9 million last year. Revenue increased 18.5 percent, to $2.892 billion from $2.440 billion in the same quarter last year.