Diamonds and Dogs
Would you prefer a robot operating on your head with steady movements or a doctor who could have some shaky hands? Our diamond offers the former rather than the latter. Intuitive Surgical (ISRG) is the diamond today up 4% to a new 52 week high following better than expected earnings. The company reported earnings of $4.42 compared to a year ago earnings of $3.57 a share. The revenue came in at $594.5 million ahead of forecasts of $586 million. For the fifth quarter in a row, the company exceeded these expectations and delivered a solid quarter that shows impressive trends for the medium-term future. The company also raised their full year outlook to a range of 12 to 14 percent growth.
Looks like the polar bear is selling more than a soda today. Coca-Cola (KO) is down 4%, the worst performing Dow component in another up day. The Atlanta based soda company reported 45 cents per share beating forecasts by a penny. Revenue came in at $10.3 billion down 4% year over year. The company reiterated their financial targets for the year, but that did little to please Wall Street. Ultimately, Coke is facing is a big challenge to the company's core soda business. In markets like the U.S., volume for the industry has slipped drastically as consumers move toward drinks they deem healthier than soda