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Intuitive Surgical Plunges After Q2 Financial Results

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Intuitive Surgical Plunges After Q2 Financial Results

Intuitive Surgical (NASDAQ: ISRG) released its fiscal second-quarter earnings results on Thursday after the closing bell. The company reported both earnings per share and revenue that missed Wall Street analysts' consensus estimates. In pre-market trade, Intuitive Surgical was last down around 13 percent to $366.

Q2 Financial Results

Intuitive Surgical reported net income of $159.1 million or $3.90 per share, compared to $154.9 million or $3.75 per share, in last year's corresponding period. This missed analysts' consensus EPS estimates of $4.04.

Revenue in the quarter rose to $578.5 million from $536.5 million last year. This also came in below analysts' consensus revenue estimates of $594.58 million.

 

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