Intuitive Surgical, Inc. (NASDAQ: ISRG) announced ahead of its presentations at the 34th Annual JP Morgan Healthcare Conference its expected revenue for the fourth quarter and full year.
According to the press release, the company expects fourth quarter revenue to hit approximately $677 million, higher than the analyst estimate of $650.23 million. Its full year revenue guidance of $2.4 billion also beat analyst estimates for the year at $2.36 billion.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Intuitive's da Vinci Surgical System, which helps perform surgical procedures, looks like a large factor in these guidance estimate beats. The company said that Q4 da Vinci System sales increased 8 percent from $214 to $231 million year-over-year. Full year sales for da Vinci System came in up 14 percent on the year from $633 to $722 million.
Shares of Intuitive Surgical were trading up 3.7 percent at $562.63.