Intuitive Surgical Beats Q4 Expectations
Intuitive Surgical Beats Q4 Expectations

Intuitive Surgical Beats Q4 Expectations

Jan. 24, 2024, 12:36 p.m., readers: 16

Intuitive Surgical (NASDAQ:ISRG), renowned for its robotic-assisted surgical technology, reported its fourth-quarter earnings, exceeding analyst expectations. The company's total revenue for the quarter was $1.93 billion, a 17% increase from the same period last year, surpassing the forecasted $1.89 billion. Its earnings per share (EPS) came in at $1.60, beating the estimated $1.48. A notable contributor to this year-over-year growth was the Instruments and Accessories segment, which generated $1.14 billion in revenue. This represents a 22% increase from the prior year and matches the expected $1.14 billion. Intuitive Surgical also showed robust operational performance with its worldwide procedure growth hitting 21%, exceeding the anticipated 19.2%. The company's Da Vinci Surgical System saw its installed base expand to 8,606 units, a 14% annual increase, and slightly above the projection of 8,584 systems. Adding to the positive sentiment around the stock, Intuitive Surgical announced that it had submitted a 510k application to the FDA for its new da Vinci 5 system, further boosting investor confidence.


About NASDAQ: ISRG

I ntuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

Price: 388.00
Market cap: 136.7 billion USD
Eps: 5.04
P/e ratio: 76.98
Terminal Research: ISRG
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