Intuitive Surgical Rises On Top & Bottom Line Beat
Shares of Intuitive Surgical, Inc. (NASDAQ: ISRG) are trading up more than 1.1 percent after the company announced its Q3 results.
Earnings of $6.19 per share beat the Street’s consensus of $5.13, while revenue of $682.9 million, up 15.8 percent year-over-year, came in about $33 million above expectations.
Worldwide da Vinci procedures rose by roughly 14 percent year-over-year, “driven primarily by growth in U.S. general surgery procedures and worldwide urologic procedures.”
President and CEO Dr. Gary Guthart commented, "While we are pleased with our third quarter operating results, we remain focused on helping our customers build effective robotic surgery programs by understanding their needs and delivering the right products and services."
The stock traded recently at $730.19, up 1.17 percent.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.