Market Overview

UPDATE: Intuitive Surgical Q4 Profit Surges 16%

Related ISRG
Intuitive Surgical Reports New Employee Option Grants for December 2014
Sterne Agee Believes Intuitive Surgical May Benefit from FDA Boxed Warning
Stocks Sell Off as Shift from Risk Persists (Fox Business)

Intuitive Surgical (NASDAQ: ISRG) reported a 16% rise in its fourth-quarter earnings.

Intuitive Surgical's quarterly profit climbed to $174.9 million, or $4.25 per share, from $151.2 million, or $3.75 per share, in the year-ago period.

Its revenue rose 23% to $609.3 million. However, analysts were expecting earnings of $4.04 per share on revenue of $584 million.

Intuitive Surgical's systems sales climbed 18% to $264.9 million in the latest quarter, while overall procedures surged 25%.

Its gross margin declined to 71.9% from 73%.

Intuitive Surgical shares jumped 8.68% to $563.50 in after-hours trading.

Posted-In: profitEarnings News


Related Articles (ISRG)

Around the Web, We're Loving...

Get Benzinga's Newsletters