Advanced Micro Devices, Inc. (NYSE:AMD) surprised everyone by reporting better-than-expected fourth-quarter results and soaring 11.4%. Don't get me wrong. It was still an atrocious quarter as revenue fell to $1.16 billion from $1.69 billion a year ago and it lost an adjusted $0.14. Still, this was much better than the $1.15 billion and $0.21 loss Wall Street had expected. Another head-scratcher was AMD's warning that its current quarter revenue may fall short of estimates. Investors, however, seemed impressed with its aggressive push into tablets, where even Intel Corporation(NASDAQ:INTC) has very little, if any, presence. I recently pegged AMD as an intriguing turnaround candidate, and, while this wasn't a banner quarter, it could be the start of a genuine turnaround.
Robotic surgical device maker Intuitive Surgical, Inc. (NASDAQ:ISRG) also wowed Wall Street and silenced short-selling specialist and Intuitive critic Citron Research by recording its 15th straight earnings beat. For the quarter, revenue rose 23% to $609.3 million as system sales advanced 18% and instrument and accessories revenue soared 29%. Net income popped a more subtle 16% to $4.25 per share. Still, these figures handily topped the $4.03 in EPS and $585.7 million the Street anticipated. Furthermore, Intuitive forecast procedure growth of 20% to 23% in 2013. I believe this company has made it crystal clear that as the undisputed leader in soft tissue robotic surgeries, it'll continue to command incredible pricing power and grow healthfully in the double digits. Shares finished higher by 9.4% after rising as much as 11.3% during the day.
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