July 17, 2024
Intuitive Surgical Clocks Combined Q3 Earnings, Inventory Falls After-Hours

Intuitive Surgical, Inc. ISRG shares are buying and selling decrease in Thursday’s after-hours session on the heels of the corporate’s third-quarter outcomes.

What To Know: Intuitive Surgical reported quarterly earnings of $1.46 per share, which beat the analyst consensus estimate of $1.41, a 22.69% improve over earnings of $1.19 per share from final 12 months. 

The corporate reported quarterly gross sales of $1.74 billion, which missed the analyst consensus estimate of $1.77 billion, an 11.95% improve over gross sales of $1.56 billion from the identical interval final 12 months.

The corporate additionally positioned 312 da Vinci surgical methods, in contrast with 305 in the identical interval in 2022.

The corporate ended the third quarter with $7.52 billion in money and equivalents, a rise of $389 million in comparison with final quarter, primarily pushed by money generated from operations, partially offset by capital expenditures.

“We’re happy by our prospects’ continued adoption of da Vinci surgical procedure and their acceptance and use of our Ion and SP platforms,” mentioned Gary Guthart, Intuitive CEO. 

“We proceed to deal with supporting their wants by means of the pursuit of expanded indications, delivering excellence in high quality and provide, and rising our productiveness.”

Associated Hyperlink: Common Music Sues AI Startup Anthropic Over Copyright Infringement

ISRG Value Motion: Shares of ISRG have been down 7.11% at $254.00 within the after-hours session on the time of publication, in accordance with Benzinga Professional.

Picture by Sasin Tipchai from Pixabay

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