Intuitive Surgical Loses 7% Despite Strong Earnings Results

High-flying Intuitive Surgical

released its fiscal fourth quarter earnings results on Thursday after the closing bell. The company reported net income of $151.2 million or $3.75 per share, which represented 25% profit growth over the $121.2 million or $3.02 per share, that ISRG reported in last year's fourth quarter. The results easily topped analysts' consensus EPS estimates of $3.35. Revenue came in at $496.8 million which was a 28% increase over the $389.3 million that ISRG reported int he year ago period. This also beat analysts' consensus estimates of $483.72 million. Despite the extremely strong earnings report, ISRG shares have lost around 7% in Friday's trading session. It appears that with ISRG shares up around 52% over the last 52-weeks, some investors are paring back positions despite a strong earnings beat from the company.