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Intuitive Surgical Profit Increases 700% In Q4.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Katharine Stalter
Intuitive Surgical ran up 140% in 2004. The stock gapped up Feb. 9 in heavy turnover after the company said fourth-quarter earnings vaulted 700% to 32 cents per share. Sales jumped 52%. This month the stock retreated to its 50-day moving average, but has continued to close above that line.
The company makes systems that give surgeons a greater range of motion. The company went public in June 2000. It rolled to yearly profitability for the first time in 2004.
It grew earnings in the triple digits the past five quarters. Some of those comparisons were vs. money-losing ...
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