FLASH: Wall Street flees as Intuitive Surgical reports softness in prostatectomies
July 19, 2012 by MassDevice staff
Intuitive Surgical shares lose 6% in after-hours trading after the company releases its 2nd quarter earnings report, which beat Wall Street expectations but demonstrated softness in prostatectomy procedures.
Intuitive Surgical (NSDQ:ISRG) shares dropped fast on Wall Street today as the robot-assisted surgical devices maker reported softness in its prostatectomy procedures.
Despite 26% growth in sales and 32% growth in profits, ISRG shares lost 5.7% by the end of the company's conference call, trading after-hours at $513.40 as of about 5:25 p.m.
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