This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Health Stocks in Motion

Shares of Hologic (HOLX - Get Report) were among the best-performing health-related stocks Wednesday, rising 20% after the provider of digital imaging systems posted third-quarter results that topped Wall Street forecasts.

The company earned $8.2 million, or 36 cents a share, on sales of $74.1 million. Analysts polled by Thomson First Call were expecting earnings of 28 cents a share on sales of $70.8 million. A year ago the company earned $3.3 million, or 15 cents a share, on sales of $59.2 million. During the most recent quarter, the company sold 64 Selenia digital mammography systems, up from 37 a year ago. Shares were trading up $7.39 to $44.52.

Aspect Medical (ASPM) rose 10% after the company reported second-quarter results that were better than expected. The maker of brain monitoring systems earned $1.6 million, or 7 cents a share, on sales of $18.7 million. Analysts were expecting earnings of 5 cents a share on sales of $17.5 million. A year ago the company reported a loss of $376,000, or 2 cents a share, on sales of $13.4 million. Looking ahead, Aspect Medical forecast third-quarter earnings of 7 cents to 8 cents a share on sales of $18.9 million to $19.4 million. Analysts had been expecting earnings of 5 cents a share on sales of $18.1 million. Shares were trading up $3.11 to $33.66.

Shares of Intuitive Surgical (ISRG - Get Report) rose 25% after the company posted second-quarter results that were well above expectations. The company, which makes the da Vinci surgical system, earned $14.8 million, or 40 cents a share, on sales of $52.8 million. Analysts were expecting earnings of 21 cents a share on sales of $44.5 million. A year ago the company earned $4.8 million, or 14 cents a share, on sales of $31.1 million. During the most recent period the company sold 26 da Vinci systems, up from 19 a year ago. System sales, which include da Vinci systems, fourth arms, and Aesop systems, totaled $28.5 million during the second quarter, up from $18.1 million a year ago. On the company's conference call, Intuitive said that it now expects 2005 sales growth of between 40% and 45%, up from previous guidance of 20% to 30%. System sales are now expected to grow by 30% or more over 2004, up from previous guidance of 10% to 15%. Shares were trading up $12.71 to $64.01.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
ABI $22.98 1.01%
HOLX $34.00 0.00%
ISRG $497.96 0.00%
RGEN $31.49 0.00%
AAPL $128.95 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs