Why Intuitive Surgical Is a Screaming Buy on the Pullback
Intuitive Surgical (NASDAQ: ISRG) reported its third-quarter results after the market closed on Thursday. And investors didn't seem to like what they saw.
The robotic surgical-systems stock fell close to 8% in after-hours trading on Thursday. It was already down more than 20% from its peak coming into the Q3 update. Here's why the company is a screaming buy on the pullback.
Wall Street expected Intuitive Surgical to generate revenue of $1.77 billion in the third quarter. Instead, the company announced revenue of $1.74 billion. When a stock trades at a forward earnings multiple of over 42x, any miss is swiftly punished.
Source Fool.com
